FGV: Iron ore and soybeans reduce wholesale deflation in the IGP-DI, but coffee and cattle fall

By Daniela Amorim Rio, 07/08/2025 - The increases in the prices of iron ore (5.37%), soybeans in grain (1.27%), and crude soybean oil (4.23%) eased the wholesale deflation measured by the General Price Index - Internal Availability (IGP-DI) for July, reported the Getulio Vargas Foundation (FGV). In the ranking of the main negative contributions in the wholesale market in July, the greatest relief came from the price drops in coffee beans (-18.79%), cattle (-2.78%), corn (-4.02%), English potatoes (-36.81%), and beef (-2.57%). The IGP-DI went from a reduction of 1.80% in June to a drop of 0.07% in July. Over 12 months, the index accumulated an increase of 2.91%. "Producer prices recorded a less intense drop in July, with a highlight for raw materials, such as iron ore and soybeans," emphasized Matheus Dias, an economist from the Brazilian Institute of Economics at FGV (Ibre/FGV), in an official statement. The Broad Producer Price Index (IPA-DI) went from a drop of 2.72% in June to ...