Producer prices extended their losses in April and led the general price index-10 (PGI-10) to register a negative rate both in the monthly comparison and in the accumulated in 12 months, the Foundation informed on Monday Getulio Vargas (FGV) .
Data showed the overall index fell 0.58% this month after rising 0.05% in March. The monthly deflation was the first since last November (-0.59%).
Meanwhile, the PGI-10 began accumulating a 12-month decline of 1.90%, the first negative rate since March 2018 (-0.02%). Through March of this year, the index showed an increase of 1.12%, and in the 12 months to April 2022, it jumped by 15.65%.
The Broad Producer Price Index (IPA), which measures the change in wholesale prices and accounts for 60% of the broad index, fell 0.96% in April, after falling 0.07% the previous month.
“The producers’ index was the only component of the PGI-10 to show a decrease. Important commodities contributed to this movement such as: soybeans (from -2.45% to -7.63%), corn (from -0.94% to -2.61% ) and coffee (from 8.36% to -3.28%)”, explained André Braz, coordinator of price indices, in a statement.
The consumer price index (CPI-10), which accounts for 30% of the broad index, rose 0.57% in the month, versus 0.47% in March.
“For households, the highlight was gasoline, which advanced 5.87%, versus a high of 2.89% in the last calculation,” Braz said.
The National Construction Cost Index (INCC), in turn, rose 0.22% in April, above the rate of 0.12% the previous period.
The PGI-10 calculates producer, consumer and civil construction prices between the 11th of the previous month and the 10th of the reference month.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
