Economy

IGP-DI drops 0.58% in November

Index has inflation of 16.28% in the year and 17.16% in 12 months

Agência Brasil

Published on 07/12/2021 - 08:44

Rio de Janeiro

Real — © Marcello Casal JrAgência Brasil

The General Price Index – Internal Availability (IGP-DI), measured by the Getulio Vargas Foundation (FGV), registered deflation (price drop) of 0.58% in November. In October, it had inflation of 1.60%. In November last year, the price increase had been 2.64%. With the result of November, the IGP-DI accumulates inflation of 16.28% in the year and 17.16% in 12 months.

The drop in the rate from October to November this year was mainly driven by wholesale prices, as measured by the Broad Producer Price Index (IPA). The sub-index had deflation of 1.16% in November, compared to 1.90% inflation in October.

The National Construction Cost Index (INCC) also dropped, but continued to record inflation, rising from 0.86% to 0.67%. On the other hand, the Consumer Price Index (IPC), which measures retail, increased from 0.77% in October to 1.08% in November.

Text translated using artificial intelligence.