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Inflation calculated by the General Price Index – Market (IGP-M) was 3.28% in November, after registering an increase of 3.23% in October, pressured by the increase in the prices of agricultural raw materials , as reported on Friday. fair (27) the Fundação Getulio Vargas.
The indicator is used as a reference for the correction of contract values, such as real estate rentals.
With the new acceleration, the IGP-M accumulated an increase of 21.97% in the year and 24.52% in 12 months.
IGP-M monthly variation – Photo: Economía G1
In November 2019, the index had risen 0.30% and accumulated an increase of 3.97% in 12 months.
“The advance in the prices of important agricultural commodities consolidates the IPA as an index to contribute to the increase in the IGP rate. In this edition, corn (10.95% to 21.85%), wheat (2.32% to 19.20%) and cattle (6.92% to 7.40%) stood out ”, says André Braz. Price Index Coordinator.
Despite being considered the indicator for the closed month, for the calculation of the IGP-M, the prices collected from the 21st of the month prior to the 20th of the current month (the reference) are compared with those of the immediately preceding 30-day cycle.
The Broad Producer Price Index (IPA), which weighs 60% in the IGP-M, rose 4.26% in November, compared to 4.15% in October. In the analysis by processing stages, the rate of the Final goods group varied by 2.74% in November. In the previous month, the index had registered a rate of 2.84%.
The Consumer Price Index (CPI), which weighs 30% in the IGP-M, varied 0.72% in November, compared to 0.77% in October. Four of the eight classes of expenses that make up the index decreased in their exchange rates. The main contribution came from the Education, Reading and Recreation group (3.10% to 1.44%).
The National Construction Cost Index (INCC), which weighs 10% in the indicator, rose 1.29% in November, compared to 1.69% the previous month. Its three groups of components registered the following variations from October to November: Materials and Equipment (4.12% to 2.85%), Services (0.33% to 0.73%) and Labor (0.19% to 0.24%).
The biggest bullish influences of the month
- Soy: 11.91%
- Corn (grain): 21.85%
- Soybean meal: 21.26%
- Cattle: 7.40%
- Potatoes: 47.83%
- Flights: 11.70%
- Gasoline: 1.93%
- Tomato: 19.32%
- Potatoes: 32.23%
- Ethanol: 7.75%
- Carbon steel rods and wires: 5.05%
- Iron and steel pipes and fittings: 7.87%
- Aluminum frames: 5.91%
- Electrical conductors: 9.82%
- Ordinary Portland Cement: 3%
Lack of raw materials hinders the resumption of the industry
