The General Price Index – 10 (IGP-10), measured by the Getulio Vargas Foundation (FGV), registered inflation of 2.48% in April this year, a rate higher than the 1.18% of the previous month. As a result, the IGP-10 accumulates inflation rates of 7.63% in the year and 15.65% in 12 months.
According to the FGV, in April last year the index registered inflation of 1.58% in the month and accumulated a rate of 31.74% in 12 months.
the rate hike of seafor April was driven by the three sub-indices that make up the IGP-10. The Broad Producer Price Index (IPA), which measures wholesale, rose from 1.44% in March to 2.81% in April.
The Consumer Price Index (CPI), that measures retail, rose from 0.47% to 1.67% in the period. The National Construction Cost Index (INCC) went from 0.34% to 1.17%.