Brazil’s general market price index registers deflation of 0.97% in October

Brazil’s General Market Price Index (IGP-M) recorded a deflation of 0.97% in October. A decrease was also recorded in the previous month, at 0.95%.

According to the Getulio Vargas Foundation (FGV), the IGP-M has reached an inflation rate of 5.58% for the year and 6.52% in the last 12 months.

The broad Producer Price Index (IPA), which measures the wholesale market, registered a deflation of 1.44% in October, following a decline of 1.27% in September.

The National Construction Cost Index (INCC) was another sub-index recorded a decline from September to October.

However, it continued to register inflation. The rate decreased from 0.10% in September to 0.04% in October.

On the other hand, the Consumer Price Index (IPC), which measures the retail market, recorded inflation of 0.5% in October, following deflation of 0.08% in the previous month.

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