SAO PAULO (Reuters) – The rise in wholesale agricultural commodity prices cooled and the General Market Price Index (IGP-M) rose 1.41% in April, after increasing 1.74% in March, informed the Getulio Vargas Foundation (FGV) this Thursday.
However, pressure from fuels and fertilizers prevented a sharper deceleration of the indicator, whose result was below the expectation in a Reuters survey of a high of 1.70%, and led the index to accumulate in 12 months an advance of 14.66%. .
The Broad Producer Price Index (IPA), which accounts for 60% of the general index and measures the change in wholesale prices, rose 1.45% in the month, from 2.07% in March.
“Important agricultural commodities contributed to the cooling of producer inflation. Soybeans, corn and coffee, grains that account for 13% of the IPA, showed an average drop of 7.3% and contributed to the 1 percentage point drop in the IPA rate”, explained the coordinator of price indices, André Braz.
“The deceleration was not more expressive given the increase in the prices of diesel (14.70%), gasoline (11.29%) and fertilizers (10.45%), which accounted for 60% of inflation over producer,” he added.
The FGV also informed that the Consumer Price Index (IPC), which has a weight of 30% in the general index, accelerated the rise to 1.53%, from 0.86% in the previous month.
The biggest weight came from the Transport group, whose prices rose 2.94% in April from 1.15% earlier, with gasoline rising from 1.36% in March to 5.86% this month.
In turn, the National Construction Cost Index (INCC) increased by 0.87% in the period, up 0.73% in March
The IGP-M calculates producer, consumer and civil construction prices between the 21st of the previous month and the 20th of the reference month.
(By Camila Moreira; Edited by Luana Maria Benedito)