FGV: Drops in iron ore and soybeans drive wholesale deflation in February's IGP-10

By Daniela Amorim Rio, 02/13/2026 - The declines in the prices of soybeans (-7.23%) and iron ore (-3.01%) pulled deflation in the wholesale market within the General Price Index - 10 (IGP-10) for February, reported the Getulio Vargas Foundation (FGV). In the ranking of major reliefs were also coffee beans (-4.25%), raw milk (-3.24%) and sugar cane (-2.48%). In the opposite direction, there was pressure from cattle (0.72%), eggs (4.77%), beans (8.27%), cassava/manioc (6.01%) and fertilizers (1.70%). The IGP-10 went from a rise of 0.29% in January to a decline of 0.42% in February. The index accumulated a drop of 2.25% over 12 months. The Broad Producer Price Index (IPA-10) went from a rise of 0.24% in January to a reduction of 0.80% in February. "The drop in IPA was determined, mainly, by the behavior of the Raw Materials, whose rate went from 0.48% to -2.20%, influenced, above all, by the decline of important commodities, such as soybeans and iron ore. Among the agricultural ...