After Four Months of Increase, Brazilian Industry Prices Drop 1.14 Percent in June
RIO DE JANEIRO, BRAZIL – The Brazilian industry has recorded an overall 1.14 percent price drop in June of this year, in relation to May. The year to date is at 2.76 percent.
Over the last twelve months, the general price variations stood at 3.75 percent.
The Producer Price Index (IPP) figures were released on Wednesday, July 31st, by the Brazilian Institute of Geography and Statistics (IBGE).
The main drops were recorded in oil refining and biofuel products (-7.24 percent), paper and pulp (-4.65 percent), footwear and leather goods (-3.56 percent), and tobacco (-2.91 percent).
The food industry recorded a 0.88 percent drop in prices in the first decline after three consecutive increases.
With the result, the year to date retreated from 2.09 percent to 1.20 percent (in June 2018, it was 8.93 percent).
Compared to the same month a year earlier, the variation was 0.56 percent, the lowest result in this type of comparison since May 2018 (2.12 percent).
This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error
Read More from The Rio Times