The General Price Index – 10 (IGP-10), measured by the Getulio Vargas Foundation (FGV), registered inflation of 1.98% in February. The rate is higher than that observed in the previous month (1.79%), but lower than that recorded in February 2021 (2.97%).
With the result, the indicator, which is national, accumulates rates of 3.80% in the year and 16.69% in 12 months. In February 2021, the IGP-10 accumulated a rate of 28.17% in 12 months.
The rise in the rate from January to February this year was driven by wholesale prices and civil construction. The Broad Producer Price Index (IPA), which measures wholesale, rose from 2.27% in January to 2.51% in February.
The National Construction Cost Index (INCC) rose from 0.50% to 0.61% in the period.
On the other hand, the Consumer Price Index (CPI), which measures retail, had a slight drop in the inflation rate, as it dropped from 0.40% in January to 0.39% in February.
