Clipping of news on Brazilian Culture, Law and Citizenship
11/29/2016
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Marli Moreira - Agência Brasil reporter
IGP-M accumulated is 7.12% and is used to renew lease contracts. Wilson Dias / Agência Brasil
The General Market Price Index (IGP-M) showed a decrease of 0.03%, in November against a rise of 0.16% in October. The variation was also lower than that recorded in November last year (1.52%). With the result, in the accumulated of the year, the rate reached 6.60% and in 12 months, 7.12%, which is the percentage used in the renewal in rental contracts.
Calculated by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre / FGV), the IGP-M indicates the average prices of wholesale, retail and construction goods in the period between October 21 and November 20. Despite having retreated, the November index further reflects price behavior in one of the three components, the Broad Producer Price Index, down 0.16% compared to a 0.15% increase.
Prices fall
In this component, the highlight was the processed food group. They were 0.08% cheaper after a 1.58% increase in previous counts. Gross raw materials, which include changes in commodities (internationally traded products), accelerated 0.90% up from 0.36%. The most significant increases were iron ore (from 2.16% to 9.04%); Of coffee beans (from 2.28% to 8.30%) and sugarcane (from 1.48% to 2.80%). In the opposite direction are the in natura milk (from -5.52% to -8.78%), corn in grain (from -1.80% to -3.92%) and cattle (from 2.20 % To 0.16%)
In relation to the Consumer Price Index (CPI), there was a variation of 0.26%, a rate higher than the value of October (0.17%), with increases registered in five of the eight groups surveyed and highlighting education, reading and recreation -0.24% to 0.32%).
The National Construction Cost Index (INCC) remained stable at 0.17%. In the period, the index on materials, equipment and services fell by 0.05%, while labor rose from 0.30% to 0.36%.
Edition: Kleber Sampaio
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Source: Agência Brasil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.