Industry prices follow rising dollar and increase 2.93% in September
October 26, 2018 09h00 AM | Last Updated: October 26, 2018 11h58 AM
Fed by the rise of 4.76% of the dollar, the prices in the industry increased 2.93% in September, according to the data of the Producer Price Index - IPP, released today by the IBGE. This rate was the second highest in the time series started in 2014, only after September 2015 (2.99%). On the other hand, the cumulative changes in the last 12 months (18.2%) and in the year (14.02%) were the highest ones since the beginning of the time series.
The American currency leveraged the prices in groups affected by the foreign market, like Manufacture of coke, petroleum products and biofuels (7.44%), Manufacture of other chemicals (4.52%) and Basic metals (3.66%), as well as Mining and quarrying industry (12.82%). These groups were responsible for the biggest influences on the September´s figure, comprising more than half of the index (2.25 percentage points).
"We had a very big increase in the petroleum products after three months of stability, as well as in the mining sector of 12.82%", explained Manuel Campos, analyst of the survey, who reminded the valuation of the American currency and its influence on the result.
"The dollar increased 4.76% in the month and, in the year, 31.33%. It contributed a lot in Manufacture of other chemicals, in which manure is often imported. In the last four months, the chemical sector had three increases above 4%. The sector of petroleum refining also increased the prices a lot", stressed the analyst.
The groups that led the increase in September also registered high rates in the last 12 months. Mining and quarrying industry increased its prices by 58.61% in this period, whereas Manufacture of coke, petroleum products and biofuels (33.92%), Manufacture of other chemicals (35.14%) and Basic metals (24.42%) also recorded high rises.
