FGV: Soybeans and cattle drive wholesale deflation in the IGP-10 for October

By Daniela Amorim Rio, 10/17/2025 - The declines in prices of agricultural commodities such as soybeans (-1.22%) and cattle (-1.40%) drove deflation in the wholesale market within the General Price Index - 10 (IGP-10) for October, reported the Getulio Vargas Foundation (FGV). There was also relief from fertilizers (-2.33%), husked rice (-7.63%), and soybean meal (-1.81%). On the other hand, pressures were recorded from coffee beans (3.05%), corn (2.60%), beef (1.63%), poultry meat (3.21%), and oranges (5.91%). The IGP-10 went from an advance of 0.21% in September to an increase of 0.08% in October. The index accumulated a rise of 1.60% over 12 months. "Producer prices, especially agricultural ones, registered significant declines in husked rice, soybeans, and cattle. There were increases in corn and coffee beans, but with lower volatility, which was important for the slight decrease observed in the IPA (Broad Producer Price Index)," stated Matheus Dias, an economist from the ...