Brazil’s general price index IGP-10 rises 1.98% in February, cumulative increase of 16.69% in 12 months
RIO DE JANEIRO, BRAZIL – The General Price Index-10 (IGP-10) accelerated to 1.98% in February after rising 1.79% in the previous month, driven by commodities and wholesale fuels, according to data released by the Getulio Vargas Foundation (FGV) on Tuesday.
A Reuters poll expected an increase of 1.93%, and the result led the index to reach a 12-month high of 16.69%.
The broad producer price index (IPA), which measures fluctuations in wholesale prices and accounts for 60% of the overall index, rose 2.51% in the month, up from a peak of 2.27% in January.
“The main factors behind the acceleration of the IGP rate are key commodities and fuels: iron ore (8.06%), soybeans (7.32%), corn (9.22%), and diesel oil (7.71%). The contribution of these four main commodities accounts for 65% of the IPA result,” explained André Braz, coordinator of the price indices.
The Consumer Price Index (IPC-10), which accounts for 30% of the overall index, registered a 0.39% increase in February, compared to 0.40% in January.
Of particular note is the slowdown in the prices of housing (from 0.74% to 0.11%), clothing (from 1.31% to 0.51%), and health and personal care (from 0.15% to 0.05%).
The National Construction Cost Index (INCC) rose 0.61%, following a 0.50% gain in January.
The IGP-10 calculates producer, consumer, and construction prices between the 11th of the previous month and the 10th of the reporting month.
Live Market IntelligenceBrazil — Live Market Board
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Brazil — Live Market Board
+1.55%
174,576.80
+1.55%
66,293.07
+0.79%
11,450.75
-0.76%
3,009,029
+0.00%
2,508.47
-0.09%
60,117.56
+0.55%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 174,576.80 | +1.55% | +21.85% | 171,906.72 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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