São Paulo – Brazil’s General Price Index – Internal Availability (IGP-DI, in the Portuguese acronym) ended 2017 at 0.42% deflation. In 2016, the indicator from think tank Fundação Getulio Vargas (FGV) had climbed 7.18%. The numbers were made public this Tuesday (9). December 2017 saw 0.74% inflation, down from 0.80% in November 2017 and 0.83% in December 2016.
IGP-DI deflation in 2017 was driven by wholesale prices, which were down 2.52% as per the Producer Price Index. The Consumer Price Index, which tracks retail prices, was up 3.23%. the National Construction Cost Index climbed 4.25% in 2017. The IGP-DI is made up of these three indexes and used in price-setting under different types of contracts.
*Translated by Gabriel Pomerancblum
