IGP-M rises 0.45% in December after 4 months of deflation

The IGP-M (General Market Price Index) increased by 0.45% in December, after four consecutive months of deflation, showing an acceleration in the prices of some important foodstuffs, mainly to the producer, showed data from the FGV (Fundação Getulio Vargas) this Thursday (29).

Even so, the data came below the high of 0.54% expected by the market, according to a Reuters poll. With the December result, the index closes the year with an increase of 5.45%.

The IPA (Extended Producer Price Index), which accounts for 60% of the general index and measures changes in wholesale prices, increased by 0.47% in December, after falling by 0.94% in November. Among foodstuffs, some of the biggest increases to the producer were registered in the prices of beans (from -1.45% in November to 15.36% in December), cattle (from -2.20% to 1.55%) and oil of refined soy (from 2.57% to 7.35%).

The CPI (Consumer Price Index), which weighs 30% in the general index, slowed down, registering an increase of 0.44% in December, compared to 0.64% in November. Five of the eight expense classes that make up the index recorded a decrease in their rates of change, with health and personal care, gasoline and airline tickets among the highlights.

Some foodstuffs, however, also saw acceleration in price increases, such as tomatoes (from 18.13% to 19.12%) and onions (17.36% to 24.80%).

Finally, the INCC (National Construction Cost Index) increased by 0.27% in December, compared to 0.14% in November.

The IGP-M calculates producer, consumer and civil construction prices between the 21st of the previous month and the 20th of the reference month.