The IGP-M (General Market Price Index) rose 0.52% in May, after advancing 1.41% in April, as the rise in both producer and consumer prices showed relief due to fuels, it said. the FGV (Fundação Getulio Vargas) this Monday (30).
Even so, the result was above expectations in a Reuters poll of 0.46%, and led the index to accumulate a 12-month advance of 10.72%.
The IPA (Broad Producer Price Index), which accounts for 60% of the general index and calculates the change in wholesale prices, slowed the rise to 0.45% in the month, from 1.45% in April.
The FGV data also showed that the CPI (Consumer Price Index), which has a weight of 30% in the general index, started to rise 0.35% in May, from a high of 1.53% in the previous month.
“In the producer index, diesel oil, the most important fuel, changed 3.29% in May, compared to 14.70% in April. In the CPI, gasoline, the most prominent fuel in the family budget, rose 1.01 % in May, after having advanced 5.86% in April”, explained André Braz, coordinator of FGV’s price indices.
In turn, the INCC (National Construction Cost Index) increased by 1.49% in the period, up 0.87% in April.
The IGP-M calculates producer, consumer and civil construction prices between the 21st of the previous month and the 20th of the reference month.
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