IPG index rises with imported inflation goods
Caio Alves
Published 2020년 9월 15일
The Wholesale Price Index (IPG) stood at 2.04% in July this year, which represents an increase of 0.03 percentage points compared to the previous month according to data recently released by the National Statistics Institute (INE).
In the first seven months of the year, the IPG stood at 14.12%, the largest increase in cumulative terms since 2018. Year-on-year prices registered an increase of 23.38%.
The prices of national products increased by 2.34% in July, an increase of 0.01 pp, compared to the prices of June 2020. Section A –Agriculture, Animal Production, Hunting and Forestry was the one with the biggest price increase registered with 2.75%.
The products with the greatest price variation in this group were the following: Papaya with 5.44%, Maize with 5.30%, Reindeer potatoes with 4.34%, Butter beans with 3.95%, Orange with 3.55% , Banana with 3.43%, Peanut with 3.33%, Sweet potatoes with 3.10%, Carrots with 2.33%, Onions with 1.83%, Garlic with 1.74%, Rice with 1, 68%, Tomato with 1.49%, Cassava with 1.44% and Eggs with 1.24%.
The Manufacturing Industry, with 1.26 percentage points, also contributed to the increase in the IPG.
In the period under analysis, the prices of imported products increased by 1.95%, basically influenced by the price variation observed in Section A - Agriculture, Animal Production, Hunting and Forestry with 3.79%.
The main products that saw their prices increase were the following: Brown beans with 5.45%, Grain corn with 5.27%, Reindeer potatoes with 3.65%, Garlic with 3.15%, Carrots with 2.32% , Eggs with 1.80%, Chickpeas with 1.36%, Apple with 1.24%, Onions with 0.98%, Peanut with 0.43%, Pear with 0.40%, Green beans with 0.34% and Orange with 0.30%.
The Manufacturing Industry, with 1.77 percentage points, also contributed to the increase in the IPG.
In the first seven months of the year, the IPG stood at 14.12%, the largest increase in cumulative terms since 2018. Year-on-year prices registered an increase of 23.38%.
The prices of national products increased by 2.34% in July, an increase of 0.01 pp, compared to the prices of June 2020. Section A –Agriculture, Animal Production, Hunting and Forestry was the one with the biggest price increase registered with 2.75%.
The products with the greatest price variation in this group were the following: Papaya with 5.44%, Maize with 5.30%, Reindeer potatoes with 4.34%, Butter beans with 3.95%, Orange with 3.55% , Banana with 3.43%, Peanut with 3.33%, Sweet potatoes with 3.10%, Carrots with 2.33%, Onions with 1.83%, Garlic with 1.74%, Rice with 1, 68%, Tomato with 1.49%, Cassava with 1.44% and Eggs with 1.24%.
The Manufacturing Industry, with 1.26 percentage points, also contributed to the increase in the IPG.
In the period under analysis, the prices of imported products increased by 1.95%, basically influenced by the price variation observed in Section A - Agriculture, Animal Production, Hunting and Forestry with 3.79%.
The main products that saw their prices increase were the following: Brown beans with 5.45%, Grain corn with 5.27%, Reindeer potatoes with 3.65%, Garlic with 3.15%, Carrots with 2.32% , Eggs with 1.80%, Chickpeas with 1.36%, Apple with 1.24%, Onions with 0.98%, Peanut with 0.43%, Pear with 0.40%, Green beans with 0.34% and Orange with 0.30%.
The Manufacturing Industry, with 1.77 percentage points, also contributed to the increase in the IPG.
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