The General Price Index – 10 (IGP-10) slowed the increase to 0 18% in July, after having increased 2.32% in June, informed the Getulio Vargas Foundation (FGV) this Friday, 16. The result was within the estimates of financial market analysts heard by Broadcast Projections, who expected from a fall of 0.46% to 0.28% advance. However, it was above the positive median of 0.15%.
As for the three indicators that make up the July IGP-10, wholesale prices measured by the IPA-10 dropped 0.07% in the month, compared to an increase of 2.64% in June. Consumer prices verified by the IPC-10 increased by 0.70% in July, after increasing by 0.72% in June. The INCC-10, which measures civil construction prices, rose 1.37% in July, after rising 2.81% in June.
The IGP-10 accumulated an increase of 15.52% in the year. The rate in 12 months was 34.61%. The price collection period for the July indicator was from the 11th of June to the 10th of this month.
Higher prices for airline tickets (26.99%), electricity (3.86%) and gasoline (1.42%) helped to sustain consumer inflation within the July IGP-10.
But within the CPI-10, six of the eight expense classes recorded lower change rates: Transport (from 1.69% in June to 0.81% in July), Health and Personal Care (from 0 30% to -0 .24%), Housing (from 1.41% to 1.17%), Clothing (from 0.83% to 0.34%), Miscellaneous Expenses (from 0.26% to 0.18%) and Communication ( from 0.10% to 0.04%).
The main contributions came from the following items: gasoline (from 3 16% to 1.42%), health plan and insurance (from 0.86% to -1.27%), residential water and sewage rate (from 2.08 % to -0.04%), clothing (from 1.06% to 0.47%), pet food (from 2 to 70% to 1.24%) and streaming services (from 2.16% to 0 .54%).
In the opposite direction, there was an increase in the rates of the groups Education, Reading and Recreation (from -0.76% to 2.23%) and Food (from 0 21% to 0.45%). The main influences came from the items: airfare (from -8.95% to 26.99%) and fruits (from -7.08% to -2.20%).
The milder rise in the cost of labor and construction material slowed down the sector’s inflation within the IGP-10, according to the FGV. The National Construction Cost Index (INCC-10) moved from an increase of 2.81% in June to an increase of 1.37% this month.
The Index that represents the cost of Materials, Equipment and Services went from an increase of 2.27% in the sixth month of the year to an increase of 1.30% in July. Spending on Materials and Equipment rose 1.43% in July, while the cost of Services rose 0.70% in the month.
The index that represents the cost of Labor increased from 3 37% in June to an increase of 1.45% this month.
Agricultural prices measured by the Agricultural IPA retreated 2 60% in wholesale in July, after an increase of 0.92% in June, within the IGP-10). The prices of industrial products, measured by the Industrial IPA, increased by 0.92% this month, after rising by 3.34% in wholesale in June.
Within the Wholesale Price Index according to Stages of Processing (IPA-EP), which allows viewing the transmission of prices throughout the production chain, the prices of final goods increased by 1.27% in July, compared to an increase of 1 .66% in June.
Intermediate goods prices rose 0.90% in July, after rising 2.24% in the previous month. Prices of raw materials, on the other hand, fell 1.78% in July, after rising 3.66% in June.