Producer Price Index increases under the influence of petroleum and ethanol
September 27, 2017 09h00 AM | Last Updated: October 09, 2017 10h02 AM
After two months of negative results, the Producer Price Index (IPP) records an advance of 0.31% in August – a figure very much influenced by the sector of petroleum refining and ethanol products, which achieved a change of 6.48% – the highest one in the series started in 2009.
The cumulative indicator of the year reached -0.99%, against -1.29% in July 2017. In the comparison between August 2017 and August 2016, the price change was of 1.66%.
According to researcher Alexandre Brandão, from the IBGE Department of Industry, despite having grown, prices in August were mainly stuck because of the food sector, which has been holding the IPP in general. "It is the sector of most weight, but it has had negative changes", he explains.
Besides petroleum refining and ethanol products, the sectors of mining and quarrying industries (6.21%), toiletries, soaps and cleaning preparations (3.06%) and other chemicals (-2.06%) were also a highlight in August, in comparison with July.
The Producer Price Index (IPP) of the Mining and Quarrying and Manufacturing Industries measures the price evolution of products, without taxes and freight. It includes information by major economic categories: capital goods, intermediate goods and consumer goods (durable, semi-durable and non-durable).
Text: Marcelo Benedicto
Graph: Pedro Vidal
Photo: Licia Rubinstein
