Brazil’s General Price Index declines 1.45% in June
IGP-DI, the General Price Index – Domestic Availability in Brazil, declined by 1.45% in June, following a 2.33% drop the previous month.
The index has experienced a cumulative decrease of 4.96% year-to-date and a decrease of 7.44% over the past 12 months.
Notably, prices of corn and soybeans showed less significant declines, helping contain deflationary pressures for producers.
The Consumer Price Index (IPC) also decreased by 0.10%, with food prices and reduced taxes on new vehicles contributing to the decline.
In the construction sector, salaries increased, leading to a rise in the National Index of Construction Costs.
The Broad Producer Price Index (IPA) dropped by 2.13%, and within the processing stages, the Final Goods and Intermediate Goods groups both experienced declines.
There was a decrease in the Raw Materials stage, except for fresh milk, coffee beans, and poultry, which saw increases.
The Consumer Price Index declined by 0.10%, with notable decreases in transport and food categories.
However, the Education, Reading and Recreation, and Clothing groups showed increases, primarily driven by airfare and clothing prices.
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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief