The Brazilian Producer Price Index falls for the first time in five months

In February, the Producer Price Index fell for the first time since August last year, with declines across the board. The Index, measured by the Brazilian Institute of Geography and Statistics (IBGE) fell 0.43% last month, after a 0.30% increase the month before. In the 12-month measure the indicator was at 1.54%.

The food group fell the most in February, with decrease of 1.31%, subtracting 0.27 percentage points from the indicator. The mining industry also fell by 5.06% and took 0.19 points from the main index. Other significant decreases in February were in printing (-2.29%), tobacco (-2.01%), transport (-1.96%) and petroleum products and biofuels (-1.28%).

Among economic categories, capital goods fell by 0.30%, intermediate goods fell 0.36%, and consumer goods fell by 0.58%, while durable consumer goods remained stable and semi-durable and non-durable consumer goods decreased by 0.76%.

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