Inflation accelerates to rent in February, but less than expected
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The General Index of Market Prices (IGP-M) becomes positive again in February after two months of deflation, reflecting an acceleration of the wholesale costs, but the high was well below the forecast of analysts.
The General Index of Market Prices (IGP-M) rose 0.26% this month, before falling to 0.44% in January, reported the Getúlio Vargas Foundation (FGV). Analysts consulted by Reuters predicted a rate of 0.44%, according to the median of 15 estimates that ranged between 0.33 and 0.45%.
The wholesale price index (IPA) advanced 0.20% in February, against the 0.95% drop in January. The fall of industrial IPA was reduced to 0.18% this month, compared with 1.48% in the past. IPA Agricultural accelerated to a high 1.25%, up 0.55%.
Among individual products, attacked the highlights in high-February were soy beans, sugar, soybean meal, refined sugar and corn grain.
The soybean has seen its price increase is due to climatic problems affecting some major producing regions in the world. The other food in nature have a high pressure in the beginning of this year.
The acceleration in wholesale price also reflects the view of some relief seen in previous months, as the reduction of the Tax on Industrialized Products (IPI) for vehicles and the fall of some fuel because of low oil.
COOL RETAIL
But the Consumer Price Index (CPI) lost strength, rising 0.40% in February, before high of 0.75% last month.
The main falls in retail prices of individual were tomatoes, lemon, papaya, passion fruit and apple country.
The National Index of Construction Cost (INCC) advanced 0.35%, compared to a high of 0.26% in January.
The IGP-M January was calculated as the variation of prices between 21 January and 20 February.
Source: Reuters
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