The General Market Price Index (IGP-M) of FGV’s Brazilian Institute of Economics (IBRE) registered a variation of 0.88% in the second ten-day period of December. The index varied 0.37% in the same period of the previous month. The second ten-day period covered by the IGP-M comprises the period between the 21^st day of the previous month and the 10^th day of the current month.

The Broad Producer Price Index (IPA) recorded a variation rate of 1.20% in the second ten-day period of December. The index varied 0.43% in the previous month. The Finished Goods rate went from 0.51% to 0.49%. The fuel for consumption subgroup was the main driver behind this trend, varying from 7.68% to 3.30%

The Intermediate Goods group varied from 1.81% in November to 1.23% in December. The main factor behind such variation was the fuels and lubricants for production subgroup, varying from 3.79% to 1.86%.

The Gross Raw Materials index varied by 2.09%. The index varied 1.34% in the previous month. The items that most contributed to this variation were iron ore (-11.06% to 7.76%), cattle (-1.54% to 2.23%) and fresh milk (-5.64% to -0.46%). The following items recorded variations opposing this trend: soy (beans) (3.41% to 1.41%), manioc (cassava) (5.54% to 0.64%), and corn (grain) (4.32% to 2.23%).