O General Price Index (IGP-10) He registered unexpected fall in May, 0.01%, falling for the second month in a row after the 0.22% decline in April, as a result pulled by Baixa dos raw material pricesaccording to data released by the Getúlio Vargas Foundation (FGV) this Friday (16).
Analysts consulted by Reuters expected a 0.17% increase in the monthly base.
In 12 months, the IGP-10 rose 7.54%.
The Large Producer Price Index (IPA), which measures the wholesale price variation and accounts for 60% of the overall index, fell by 0.17% in May, after falling 0.47% in the previous month.
“Influenced by the price dynamics in the international market, the falls of iron ore, diesel and corn were the main contributions to the IPA fall,” said Matheus Dias, economist at FGV Ibre.
The report showed that in May iron ore dropped 1.74% after falling 3.79% in April; Grand corn retreated 5.36%, compared to an increase of 11.64% in April; And diesel oil was low of 6.34%, after falling 1.46% in the previous month.
In the analysis by groups, the IPA drop came in the wake of the retreat of raw material prices, which had 1.09% deflation in May, after falling 1.0% of the previous month.
Consumer Price Index (IPC), which accounts for 30% of the overall index, recorded the same April rate, a 0.42% increase.
In the IPC, there was an increase in five of the eight classes that make up the index: health and personal care (0.59% to 1.08%), diverse expenses (0.20% to 1.15%), housing (0.31% to 0.57%), clothing (0.02% to 0.66%) and education, reading and recreation (-0.69% to -0.45%).
Residential electricity rate and potatoes were the most prominent items for the IPC rise, rising 1.61% and 22.97%, respectively, in May, compared to 0.74% and 0.85% in the previous month.
The National Construction Cost Index (INCC-10), in turn, slowly slowed, rising 0.43% in May, after a 0.45% increase in April.
The IGP-10 calculates the prices to the producer, consumer and in construction between the 11th of the previous month and 10 of the reference month.
