IGP-M: Rent inflation drops after rising for 15 months
The General Market Price Index (IGP-M) fell 0.49% in November, compared to a 0.89% increase in October. With this result, the index accrues an 8.71% high in the year and 9.68% in 12 months. In November 2017, the index had grown 0.52% and reached an accrued drop of 0.86% in 12 months.
The Broad Producer Price Index (IPA) slowed down from 1.11% in October to -0.81% in November. In the analysis by processing stages, the rate of the Final Goods group varied -0.84% in November, compared to 1.15% in the previous month. The main contribution to this result came from the fuel for consumption subgroup, which varied from 2.08% to -12.43% over the same period. The Final Goods (ex) category, which excludes the fresh foods and fuel for consumption subgroups, rose 0.13% in November, compared to 0.94% in the previous month.
The Intermediate Goods group varied from 2.05% in October to -0.55% in November. The main reason for this change was the fuel and lubricants for production subgroup, which dropped from 5.97% to -3.01%. The Intermediate Goods (ex) rate, excluding the fuel and lubricants for production subgroup, varied -0.08% in November, compared to 1.35% in the previous month.
The rate for the Crude Raw Materials recorded a steeper drop, falling from -0.11% in October to -1.10% in November. The following items contributed to the drop in the group’s rate: soy (beans) (0.43% to -6.24%), poultry (2.48% to -4.96%) and cattle (2.49% to -0.87%). The following items recorded variations opposing this trend: iron ore (-0.85% to 5.95%), manioc (cassava) (-0.25% to 8.81%) and coffee (beans) (0.50% to 4.71%).
The Consumer Price Index (CPI) varied 0.09% in November, compared to 0.51% in October, All expense classes that make up the index recorded decreasing variation rates. Transport was the main contributor (1.06% to -0.10%). Within this expense category, it is important to highlight the behavior of the gasoline item, which fell from 3.49% to -1.10%.
The Housing (0.04% to -0.65%), Education, Reading and Recreation (0.63% to 0.37%), Clothing (0.57% to 0.27%), Health and Personal Care (0.48% to 0.36%), Communication (0.17% to 0.14%), Food (0.70% to 0.68%) and Miscellaneous Expenses (0.07% to 0.05%) groups also recorded decreasing variation rates. The main contributors to the downward trend in prices were the following items: household power bill (-0.48% to -4.18%), performance venues (1.66% to 0.41%), clothes (0.79% to 0.44%), hygiene and personal care items (0.86% to 0.29%), monthly fee for cable TV (0.52% to 0.00%), dairy (-0.82% to -2.84%) and pet food (0.45% to -0.24%).
The Civil Construction Index (INCC) rose 0.26% in November, compared to 0.33% in October. Prices for Materials, Equipment and Services rose 0.56%, In the previous month, the rate was 0.46%. The Manpower cost index did not show any variation. In the previous month, this index varied 0.22%.
The complete study is available on the website.