The General Price Index – Market (IGP-M), used to readjust rental contracts, rose 0.45% this month, accumulating an increase of 5.45% from January to December 2022. In November, the indicator fell 0.56%, and in December of last year, the variation was 0.87%, with an increase of 17.78% accumulated in 12 months. The data was released today (29) by the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV Ibre).
According to the coordinator of the Institute’s Price Indexes, André Braz, the index was affected by the acceleration in the price of important foodstuffs in the basket, both for producers and consumers.
Related news:
- Trade confidence is stable in December.
- Payroll credit margin for civil servants increases to 45%.
- Reorganization of Bolsa Família is a priority for Social Development.
“In the producer index, the biggest increases were registered for beans (from -1.45% to 15.36%), cattle (from -2.20% to 1.55%) and refined soybean oil (from 2. 57% to 7.35%). At the consumer level, the highest increases were registered for foodstuffs in naturaespecially tomatoes (18.13% to 19.12%) and onions (17.36% to 24.80%)”.
Components
Among the components of the IGP-M, the Broad Producer Price Index (IPA) rose 0.47% in December, after falling 0.94% in November. By stages of processing, the final goods group fell 0.29%, after rising 0.13% in the previous month.
The main influence came from the processed foods subgroup, whose rate changed from 0.01% to -0.47%. The final goods (ex) index, which excludes food in natura and fuels for consumption, changed from 0.12% in November to -0.09% in December.
The rate of intermediate goods, which had dropped 0.11% in November, fell by 0.30%, driven by the subgroup fuels and lubricants for production, which changed from 0.83% to -2.26%. The intermediate goods (ex) index, which excludes this subgroup, rose 0.13% in December, after falling 0.32% in November.
Already the stage of raw materials was high of 2.09% in December, after falling 2.86%. The main influences came from iron ore (-8.01% to 16.32%), coffee beans (-20.97% to 0.40%) and cattle (-2.20% to 1.55%) . Among the decelerations in the month, the highlights are soybeans (1.25% to -1.52%), oranges (8.88% to -3.04%) and cassava (6.33% to 1 .72%).
CPI
FGV Ibre also released today the Consumer Price Index (CPI), which changed 0.44% in December, after rising 0.64% last month. Among the eight expense classes that make up the index, five decelerated, with the main contribution being the health and personal care group, whose index rose from 1% in November to 0.37%. The highlight was hygiene and personal care items, which changed from 2.03% to -0.25%.
in the passage from November for December, the group education, reading and recreation was from 0.60% to -0.26%, transport changed from 0.79% to 0.31%, clothing was from 0.83% to 0.67% and expenses sundry decelerated from 0.14% to 0.08%, with emphasis on airfare (2.07% to -1.71%), gasoline (1.58% to 0.18%), footwear (1.35% to -0.12%) and cigarettes (0.01% to -0.72%).
On the side of increases and accelerations in the index are the groups food (0.83% to 0.99%), communication (-0.32% to 0.48%) and housing (0.37% to 0.42%) . The main influences of these expense classes were rice and beans (-0.82% to 3.74%), telephony, internet and cable TV combo (-0.32% to 0.69%) and electricity tariff residential (0.59% to 1.27%).
The National Construction Cost Index (INCC) increased by 0.27% in December, compared to a high of 0.14% in November. Among the three INCC component groups, materials and equipment changed from -0.35% to 0.37%, services went from 0.35% to 0.43% and labor changed from 0.53% in November to 0 .16%.
