IGP-DI now retreats 0.5% in March with falls in rice prices, says FGV

O General Price Index-Internal Disponibility (IGP-DI) It dropped 0.50% in March, still recording a slightly weaker result than expected amid rice prices.

O, informed the Getulio Vargas Foundation (FGV) This Friday (04).

The expectation in Reuters research With economists was a 0.47% low in the month.

“The three IGP components recorded slowdown in March. Index to the producer (IPA), The loss of rhythm was influenced by the falls in the prices of iron ore, cattle and rice, ”explained André Braz, economist at FGV Ibre.

“No Consumer Price Index (IPC), The retractions on the air tickets, rice and electricity were highlighted, ”he added.

In the period, the Price price index (IPA-DI)which accounts for 60% of the overall indicator, began to retreat 0.88% in March, up 1.03% in the previous month.

NO IPA, A CHAIN ​​NAS Raw materials It was the highest highlight for the March movement, falling 2.1% in the month, after the 1.53% gain in February.

The main contributions to the IPA movement came from the items iron ore (-0.54% to -4.74%), beef (-2.72% to -5.21%) and rice in shell (-2.53% to -11.51%).

In turn, the Consumer Price Index (IPC)-which accounts for 30% of IGP-DI-rose 0.44%, slowing over 1.18% in February.

In March, there was a decrease in four of the eight classes that form the index: Housing (3.80% to 0.52%), transport (1.41% to 0.41%), diverse expenses (1.07% to 0.32%) and clothing (0.14% to -0.01%).

The airfare item was the highlight of the IPC, with a drop of 10.38% in the month, compared to 16.86% in February. The rice registered a drop of 1.21%, after falling 1.35% in the previous month.

Already it recorded 0.39% in March, slightly below the gain of 0.40% of the previous month.

O IGP-in Calculates prices to the producer, consumer and construction between the 1st and last day of the reference month.

source