Virtual event discusses rising input prices and production costs
The General Price Index (IGP-FGV) calculated by Fundação Getulio Vargas’ Brazilian Institute of Economics (FGV IBRE) increased sharply in the second half of this year, and it has now gone up more than 20% in the last 12 months. This was caused by factors such as the devaluation of the Brazilian real against the U.S. dollar, higher commodity prices and growth in Brazil’s exports. The impact of this upward move in inflation on production costs will be the subject of a talk by economist André Braz, FGV IBRE’s General Price Index coordinator, at a webinar called Price Indexes: Optimizing Your Business’ Commercial Strategy. The free-of-charge virtual meeting will take place on Wednesday, October 28, from 10 am to 11 am, on FGV’s YouTube channel.
In his talk, aimed at business people, managers and anyone else interested in the topic, Braz will discuss issues such as the gap between families’ inflation and producers’ inflation, how the Broad Producer Price Index (IPA) can help businesses monitor the evolution of their cost structures, how to identify raw materials that could put pressure on production costs, and how the prices of products are evolving in the retail market.
According to Braz, producer inflation has challenged the productive structure of industry and agribusiness more, behaving differently from inflation calculated for final goods in the retail market. While inputs used by various productive sectors are recording strong price increases, consumer inflation remains below the inflation target.
Those interested in participating can sign up for free here.