Rio de Janeiro – The Producer Price Index (IPP), which measures factory-gate prices variation, ended last year with an inflation rate of 4.18%. In 2016, the indicator stood at 1.71%, according to the Brazilian Institute of Geography and Statistics (IBGE).
The main factor impacting the inflation of manufactured goods in 2017 was oil refining and alcohol products, which climbed 18.69%. Other activities that also had an impact on last year’s inflation rate were steel industry (13.41%) and other chemical products (9.19%).
*Translated by Sérgio Kakitani
