Industry prices have inflation of 0.56% in February, says IBGE

Industry prices have inflation of 0.56% in February, says IBGE

The Producer Price Index (IPP), which measures the change in prices of products at the exit of factories, registered inflation of 0.56% in February this year. The rate is lower than those observed in the previous month (1.20%) and in February 2021 (5.16%).Industry prices have inflation of 0.56% in February, says IBGE

According to the Brazilian Institute of Geography and Statistics (IBGE), the indicator accumulates rates of 1.77% in the year and 20.05% in 12 months.

Prices rose in 15 of the 24 industrial activities surveyed. The highlights were mining and quarrying (8.34%), petroleum refining and biofuels (1.70%) and food (0.70%).

On the other hand, nine activities had deflation (fall in prices), among them metallurgy (-2.55%).

Analyzing the four major economic categories of the industry, there was a rise in prices in all of them: capital goods, that is, machinery and equipment used in the productive sector (0.64%), intermediate goods, that is, industrialized inputs used in the productive sector (0.50%), semi and non-durable consumer goods (0.75%) and durable consumer goods (0.15%).

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