Inflation in the industry increases by 1.31% in November and accumulates an increase of 28.36% over the year

The IPP recorded that seven branches of industry experienced deflation (falling prices), in particular mining and quarrying (5.21%). Photo: Albari Rosa / Gazeta do Povo

The producer price index (PPI), which measures the change in the cost of goods leaving factories, had an inflation of 1.31% in November 2021. The rate is lower than that observed the previous month, by 2.26%, and in November 2020, 1.38%. However, the PPI cumulates inflation rates of 28.36% over the year and 28.86% over 12 months, according to data published this Wednesday (5) by the Brazilian Institute of Geography and Statistics ( IBGE).

In November 2021, 17 out of 24 industrial activities identified had high prices, notably petroleum and alcohol refining products (6.63%) and other chemicals (4.90%). The IPP recorded that seven branches of industry experienced deflation (falling prices), in particular mining and quarrying (5.21%).

Among the four major economic categories of industry, the strongest price increase was observed in intermediate goods, i.e. industrialized inputs used in the productive sector (1.40%). Next come semi and non-durable consumer goods (1.29%) and capital goods, i.e. machinery and equipment used in the productive sector (1.19%). The lowest rate was for durable consumer goods (0.64%). With information from Agência Brasil.

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