The General Price Index-Domestic Availability (IGP-DI) fell 0.38% in July from June. The decline was above market estimates. The median of the projections indicates a decrease of 0.18% in the month.
The FGV (Getúlio Vargas Foundation) announced the result on Friday (5).
The IGP-DI measures price fluctuations from agricultural and industrial commodities to consumer goods and services. In June, it was still up 0.62%. In July, it was 1.45%.
The index has reached a high of 7.44% this year. Within 12 months, it increased by 9.13%.
The coordinator of FGV . . .