Food sector drove the high in industry’s inflation in May – Photo: José Fernando Ogura-AEN PR
Industrial prices rose 1% from April to May, a result less than the increase registered from March to April (2.19%), representing a slowdown in industrial price inflation.It is also the smallest price change in 2021. The cumulative index in the year reached 17.58% while the cumulative rate in the last 12 months was 35.86%.The data are from the Producer Price Index (IPP), released today (June 29) by the IBGE.
May’s rate is the 22nd consecutive positive in the monthly comparison.The survey measures the change in products’ ‘factory gate’ prices, excluding taxes and freight, of 24 activities in the mining and quarrying and manufacturing industries.Of these, 16 had positive changes in May.The biggest influence on the index came from food, which accounted for 0.35 percentage points of the total, followed by basic…
