According to a report from FGV, the index accumulated an increase 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 Fundação Getulio Vargas (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 results collection period was from February 1st to 29th. 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 an increase of 1.25%, with 7.73% in the 12-month period.
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 IGP-DI period in February before falling 0.13% in January. In the analysis by processing stages, the final goods group went from -1.42% in January to 0.54%. The person responsible for the increase was the processed food subgroup, 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 IGP-DI period in February, compared to a decrease of 0.13% in January. In the analysis by processing stages, the Final Goods group varied from (-1.42%) in January to 0.54% in February. The main reason for this advance was the increase in the processed food subgroup. In final goods (ex), which does not include food in nature and fuels for consumption, the index rose 0.62% in February, after falling 1.30% in January.
In the intermediate goods group, the rate went from 0.73% in January to -0.89% in February, with great influence from the fuels and lubricants subgroup for production, which had a rate of 1.70% in January and rose to -8.72%. In the Intermediate Goods (ex) group, which does not take into account fuels and lubricants for production, the rate rose 0.60% in February, after rising 0.54% in the previous month.
CPI falls in February
In February at the raw materials stage, the index changed 0.29%, after rising 0.38% in January. The decline was influenced by: iron ore (3.40% to -4.03%), corn grain (8.28% to 3.36%) and pigs (-0.56% to -6.60%). The biggest 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 0.01% in February, shortly after rising 0.59% in January. Seven of the eight expense classes that make up the index registered a drop. 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 the formal courses, which went from 4.67% to 0.20%, the residential electricity tariff, which varied from 0.97% to -2.53%, gasoline, which went from 1.07% to -1.47%, fruits (3.36% for 1.44%), monthly pay TV fees (0.80% to 0.16%), food for pets (0.74% to -2.39%) and toothpaste, which closed February with -0.47%, after rising 0.82% in January. In the other direction, only the Clothing 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 0.33% in February. Accumulating with the increase 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 changed 0.21% in February, before 0.06% in January .
