According to a report by the FGV, the index accumulated a rise of 0.11% this year. In February last year the rate was at a high of 1.25%
This Monday (9), the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV/Ibre) released the General Price Index - Internal Availability (IGP-DI) for the month of February 2020. The total was 0.01% of growth. The period for collecting the results was from the 1st to the 29th of February. In the last calculation, from the 1st to the 31st of January, the variation had been 0.09%.
With this result, the index accumulated an increase of 0.11% in 2020 and 6.40% in 12 months. In February last year, the rate registered a high of 1.25%, with 7.73% in the 12-month accumulated.
The IPA has a slight drop
The Broad Producer Price Index (IPA), with a weight of 60% in the General Price Indices (IGPs), had a slight drop of 0.03% in the February IGP-DI period before falling by 0.13% in January. In the analysis by stages of processing, the final goods group changed from -1.42% in January to 0.54%. The processed food subgroup was responsible for the increase, which went from -4.09% to 1.18%.
With a weight of 60% in the General Price Indices (IGPs), the Broad Producer Price Index (IPA) had a slight drop of 0.03% in the February IGP-DI period, compared to a decrease of 0.13% in January. In the analysis by stages of processing, the Final Goods group varied from (-1.42%) in January to 0.54% in February. The main factor responsible for this advance was the increase in the processed foods subgroup. In final goods (ex), which does not include food in natura and consumer fuels, the index rose by 0.62% in February, after falling by 1.30% in January.
In the intermediate goods group, the rate changed from 0.73% in January to -0.89% in February, with great influence from the subgroup fuels and lubricants for production, which had a rate of 1.70% in January and changed to -8.72%. In the Intermediate Goods (ex) group, which does not take into account fuels and lubricants for production, the rate rose by 0.60% in February, after rising by 0.54% in the previous month.
CPI falls in February
In February at the stage of raw materials, the index changed by 0.29%, after rising by 0.38% in January. The decrease was influenced by: iron ore (3.40% to -4.03%), corn in grain (8.28% to 3.36%) and pork (-0.56% to -6.60%). The highest increases were in cattle (-4.85% to 2.24%), poultry (-3.14% to 4.41%) and soybeans (-2.66% to -1.09%).
The Consumer Price Index (CPI) fell by 0.01% in February, after rising by 0.59% in January. Seven classes out of the eight, of expense components of the index, registered a fall. They were education, reading and recreation (2.30% to -0.53%), housing (0.36% to -0.38%), transport (0.59% to -0.04%). Food (0.64% to 0.35%), Communication (0.14% to 0.06%), Miscellaneous Expenses (0.25% to 0.16%), and Health and Personal Care (0.32% to 0.31%).
The highlight was formal courses, which increased from 4.67% to 0.20%, residential electricity tariff, which varied from 0.97% to -2.53%, gasoline, which increased from 1.07% to -1.47%, fruits (3.36% to 1.44%), subscription TV monthly fee (0.80% to 0.16%), pet food (0.74% to -2.39%) and toothpaste, which ended February at -0.47%, after rising 0.82% in January. On the other hand, only the Apparel group had an increase, going from -0.35% to 0.27% in its rate of change.
The National Construction Cost Index (INCC), the last component of the IGP-DI, rose by 0.33% in February. Accumulating with the rise of 0.38% in the first month of 2020. Materials and equipment increased from 0.77% to 0.42%, services went from 0.73% to 0.63% and the labor group varied by 0.21% in February, before 0.06% in January .
