General Market Price Index slows down in the first preview of November
The General Market Price Index (IGP-M) fell 0.11% in the first ten-day period of November, recording a weaker variation than in October, when the index rose 1.06%.
The Broad Producer Price Index (IPA) recorded a 0.31% drop in the first ten-day period in November. The index had varied 1.40% in the same period in October. In the analysis based on processing stages, the prices of Finished Goods varied -0.17% in November, on average, compared to 0.92% in October. The fuels for consumption subgroup was one of the drivers behind this result, dropping from 3.00% to -6.15%. Intermediate Goods varied 0.58%, compared to 1.93% in the previous month. The fuels and lubricants subgroup was the main reason for such decrease, falling from 4.88% to -0.23%.
Gross Raw Materials varied -1.59% in the first ten-day period of November, after an increase of 1.30% in the previous month. The following items contributed to the drop in the group’s rate: soy (beans) (2.50% to -4.99%), iron ore (1.68% to -1.30%) and corn (grain) (-2.75% to -7.25%). It is worth mentioning that coffee (beans) (-2.71% to 5.73%), manioc (cassava) (-1.30% to 8.67%) and cocoa (-3.97% to 2.48%) varied in the opposite direction.
The Consumer Price Index (CPI) varied 0.30% in the first ten-day period of November, compared to 0.44% in the previous month. Four of the eight expense categories that comprise the index recorded higher price changes. particularly the Transportation group (1.41% to 0.36%). Within this expense category, it is important to highlight the behavior of the gasoline item, which varied from 5.43% to 0.75%.
The Housing (0.20% to 0.09%), Education, Reading and Recreation (0.22% to 0.04%) and Miscellaneous Expenses (0.04% to 0.00%) groups also recorded decreasing variation rates. The main drivers behind this trend in these expense categories were household power bill (0.22% to 0.04%), tours and vacations (0.95% to -0.18%) and pet food (0.51% to -0.05%).
On the other hand, the Food (0.28% to 0.49%), Clothing (-0.03% to 0.43%) and Health and Personal Care (0.45% to 0.51%) groups showed positive variation rates. In these classes, it is worth mentioning the behavior of the following items: herbs and vegetables (-0.06% to 16.39%), clothes (0.10% to 0.68%) and perfume (0.13% to 1.99%).
The Communication group recorded the same price change of 0.11% as in the last assessment. Major upward and downward factors were landline and internet packages (0.00% to 0.49%) upwards, and monthly cable TV fees (0.53% to 0.00%), downwards.
The Civil Construction Index (INCC) rose 0.29% in the first ten days of November. This index rose 0.31% in the previous month. Prices for Materials, Equipment and Services rose 0.63%, compared to 0.43% in the previous month. The Manpower cost index did not show any variation in the first ten days of November. The index varied 0.21% month over month.
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