According to a report from FGV, the index accumulated an increase of 0.11% this year. In February of last year, the rate was up 1.25%.
This Monday (9), the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV/Ibre) released the General Price Index – Internal Availability (IGP-DI) for February 2020. The total was 0.01% of growth. The results collection period was from February 1st to 29th. In the last calculation, from January 1st to 31st, the variation had been 0.09%.
With this result, the index accumulated a high of 0.11% in 2020 and 6.40% in 12 months. In February of last year, the rate registered an increase of 1.25%, with 7.73% in the accumulated 12 months.
The IPA has a slight drop
The Broad Producer Price Index (IPA), with a weighting of 60% in the General Price Indexes (IGPs), fell slightly by 0.03% in the February IGP-DI period before falling by 0.13% in January. Analyzing the processing stages, the final goods group fell from -1.42% in January to 0.54%. The increase was driven by the processed foods subgroup, which fell from -4.09% to 1.18%.
With a weight of 60% in the General Price Indexes (IGPs), the Broad Producer Price Index (IPA) fell slightly by 0.03% in the IGP-DI period for February, compared to a decline of 0.13% in January. In the analysis by processing stages, the Final Goods group varied from (-1.42%) in January to 0.54% in February. The main driver of this increase was the increase in the processed foods subgroup. In final goods (ex), which does not include food in natura and fuels for consumption, the index rose 0.62% in February, after falling 1.30% in January.
In the intermediate goods group, the rate went from 0.73% in January to -0.89% in February, largely influenced by the fuels and lubricants for production subgroup, which had a rate of 1.70% in January and went to -8.72%. In the Intermediate Goods (ex) group, which does not take into account fuels and lubricants for production, the rate rose 0.60% in February, after rising 0.54% in the previous month.
CPI falls in February
In February, in the raw materials stage, the index changed 0.29%, after rising 0.38% in January. The decline was influenced by: iron ore (3.40% to -4.03%), corn (8.28% to 3.36%) and pork (-0.56% to -6.60%). The biggest increases were in cattle (-4.85% to 2.24%), poultry (-3.14% to 4.41%) and soybeans (-2.66% to -1.09%).
The Consumer Price Index (CPI) fell 0.01% in February, after rising 0.59% in January. Seven of the eight expense classes that make up the index registered decreases. They were education, reading and recreation (2.30% to -0.53%), housing (0.36% to -0.38%), transportation (0.59% to -0.04%), food (0.64% to 0.35%), communication (0.14% to 0.06%), miscellaneous expenses (0.25% to 0.16%), and health and personal care (0.32% to 0.31%).
The highlights were formal courses, which went from 4.67% to 0.20%, the residential electricity tariff, which varied from 0.97% to -2.53%, gasoline, which went from 1.07% to -1.47%, fruits (3.36% to 1.44%), monthly pay TV fee (0.80% to 0.16%), pet food (0.74% to -2.39%) and toothpaste, which closed February at -0.47%, after rising 0.82% in January. In the other direction, only the Clothing group had an increase, going from -0.35% to 0.27% in its rate of variation.
The National Construction Cost Index (INCC), the last component of the IGP-DI, rose 0.33% in February, accumulating the increase of 0.38% in the first month of 2020. Materials and equipment went from 0.77% to 0.42%, services went from 0.73% to 0.63% and the labor group varied 0.21% in February, before 0.06% in January.