IGP-DI slows high to 1.48% in June, but food remains under pressure, says FGV

IGP-DI slows high to 1.48% in June, but food remains under pressure, says FGV

(Reuters) - The General Price Index-Domestic Availability (IGP-DI) decelerated to 1.48 percent in June from 1.64 percent in the previous month, but food prices are slowing ...

(Reuters) - The IGP-DI slowed the high to 1.48 percent in June from 1.64 percent in the previous month, but food prices remained under pressure, the Getulio Foundation said. Vargas (FGV) this Monday.The Broad Producer Price Index (IPA-DI), which accounts for 60 percent of the entire indicator, slowed the hike to 1.67 percent in June from 2.35 percent in the previous month, with the movement highlighting in the prices of raw materials.Prices for these products rose by 0.89 percent in June from 2.80 percent in May.In retail, the opposite was true, as the Consumer Price Index (IPC-DI) advanced 1.19 percent, up from 0.41 percent in May.The IPC-DI corresponds to 30 percent of the IGP-DI.The main contributor to the CPI rate increase came from food, which rose 1.59 percent last month from 0.24 percent in May.In this expense category, the highlight was the dairy item, whose advance rate increased from 1.60 to 5.70 percent.The National Construction Cost Index (INCC-DI)...


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