Brazil’s IGP-M accelerates in preliminary figures for January
The IGP-M for the first ten days of January considered the period between December 21 and 31, featuring the following indicators: Broad Producer Price Index (IPA), Consumer Price Index (CPI), and National Construction Cost Index (INCC).
Calculated by FGV’s Brazilian Institute of Economics (IBRE), the General Market Price Index (IGP-M) recorded a 0.86% variation in the first ten days of January. The index varied 0.20% month over month. The IGP-M for the first ten days of January considered the period between December 21 and 31, featuring the following indicators: Broad Producer Price Index (IPA), Consumer Price Index (CPI), and National Construction Cost Index (INCC).
The Broad Producer Price Index (IPA) recorded a 1.13% increase in the ten-day period in January. The index varied 0.30% in the same period in December. The Consumer Price Index (CPI) closed the first ten-day period of January with a variation of 0.40%, against -0.02% in the previous month. Seven of the eight expense categories that comprise the index recorded higher price variations, particularly the Food group (-0.11% to 0.52%).
The National Construction Cost Index (INCC) varied 0.22 in the first ten days of January. This index varied 0.12% in the previous month. The index regarding Materials, Equipment and Services varied -0.08%, compared to -0.01% in the previous month.
Click here to read the complete study, available in Portuguese.
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