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Economic indicators

Index used to adjust rents close to August 6th consecutive fall, says Foundation

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 


The IGP-M (General Price Index - Market) ended August with deflation of 0.36%, the sixth in a row. In July, the deflation was 0.43%. Last year, the indicator has fallen by 2.02% and in the last 12 months, the cumulative decline is 0.71%. The data was released Friday by the FGV (Fundação Getulio Vargas).

The methodology applied in the calculation of the IGP-M is the same as the IGP-10 and IGP-DI, also established by the FGV, with the only difference being a different collection period. The IGP-M is calculated based on prices collected from 21 the previous month and 20 month.

IPA Index (Wholesale Price) fell 0.61%, slightly less than in July, when the drop was 0.85%. The figure for Finished Goods fell 0.46%, against a drop of 0.31% a month earlier, with emphasis on the subgroup processed foods (from 0.60% to -1.59%). Excluding sub-perishable food and fuel, the index was up 0.70%, up from 0.19% in July.

The index for the Intermediate Goods group increased by 0.06% this month, against a drop of 0.66% in July, with the advancement in the subgroup fuels and lubricants for the production (from -4.08% to 2.38%). Excluding this subgroup, there was a decrease of 0.24%, compared to fall slightly, from 0.20% in July.

The index of raw materials fell 1.94% this month, against a drop of 1.89% in July. Items fresh milk (7.60% to 3.27%), birds (-0.38% to -2.89%) and corn (-5.40% to -8.13%) were the primarily responsible for deceleration of the group. The prices of items coffee beans (-5.52% to 1.70%), orange (-17.19% to -9.29%) and cane sugar (-1.28% to 1, 28%) accelerated.

The CPI Index (Consumer Price Index) rose 0.16% in August, below the 0.34% seen in July. The main contribution to the slowdown came from food prices (0.44% to 0.00%), with emphasis on dairy products (4.49% to -1.61%), poultry and eggs (2.79% to -0 , 09%) and oils and fats (-0.25% to -2.93%).

It slowed down the prices of clothing groups (0.46% to -0.48%), Health and Personal Care (0.34% to 0.06%), Miscellaneous Expenses (0.15% to -0.10%) and Education, Reading and Recreation (0.03% to -0.08%), with a focus on clothing items (0.54% to -0.67%), medications in general (0.32% to -0, 34%), pet food (1.50% to -1.49%) and formal courses (0.22% to -0.21%).

However, the rates of housing groups (0.46% to 0.47%) and transport (0.03% to 0.31%) rose, with emphasis on items rate water and sewer residential (0.00% to 0 , 68%) and ethanol (-0.33% to 4.52%).

The IGP-M (National Index of Construction Cost) this month reported a slight increase of 0.01%, below the 0.37% seen in July. The three component groups showed decreases in their rates of change: Hand-to-Work (from 0.79% to 0.30%), Materials and Equipment (from -0.10% to -0.39%) and Services ( from 0.40% to 0.31%).



Source: Reuters

This article was translated by an automatic translation system, and was therefore not reviewed by people.

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