Food drove inflation up | Photo: Daniel Castellano / Arquivo / Gazeta do Povo
The General Price Index – 10 (IGP-10) rose 1.18% in August, after rising 0.18% in July, according to a report released this Tuesday (17) by the Getúlio Vargas Foundation (FVG ). As a result, the IGP-10 accumulates inflation rates of 16.88% over the year and 32.84% over 12 months. In August 2020, the IGP-10 was accumulating an increase of 11.84% in 12 months. “The effects of drought and frost are more evident in the producer index result. Among finished products, fresh food prices rose 5.12%. Among the raw materials, the strong points were the crops most affected by the climate, such as corn (10.03%) and coffee (13.76%). Besides the prices of foodstuffs, fuels and lubricants for production increased by 3.72% and also contributed to the acceleration of inflation at production ”, declared the coordinator of the price indices, André Braz.