RIO DE JANEIRO, BRAZIL – The Producer Price Index (PPI), which gauges the price variation of industrialized products at the factory gate, registered inflation of 3.36% in January. The rate is higher than the December (0.39%) and January (0.35%) indexes.
According to data released today, March 2nd, in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE), the PPI accumulated inflation of 22.96% in 12 months.
In January, 24 industrial activities posted an increase in their products’ prices. The main highlights among the segments are the extractive industries (10.70%), metallurgy (6.10%), and oil refining and alcohol products (5.30%).
The four major categories of use also showed inflation, particularly intermediate goods, i.e., industrialized supplies used in the productive sector (4.91%), and capital goods, i.e., machinery and equipment used in the productive sector (3.63%).
Durable consumer goods rose 2.14%, while semi- and non-durable consumer goods registered 0.73% inflation in the month.
Source: Agencia Brasil