IGP-10 Has Been Unexpectedly Lost in May and Recovered for the Next 2 Months, Says FGV

The General Prices-10 Index (IGP-10) recorded an unexpected drop in May, 0.01%, falling by the second month following the fall of 0.22% in April, as a result of the fall in gross raw materials prices, according to data published by the Getúlio Vargas Foundation (FGV) this Saturday (16). Analysts consulted by Reuters expected an increase of 0.17% on the monthly basis. In 12 months, IGP-10 went up 7.54%.

The General Price Index – 10 (IGP-10) fell 0.01% in May, after registering a drop of 0.22% in April. With this result, the index accumulates an increase of 1.22% in the year and 7.54% in the last 12 months. In May 2024, the IGP-10 had risen 1.08% in the month and had an accumulated drop of 1.27% in 12 months. “Influenced by the dynamics […]