Brazil producer price index up 1.83% in May

Brazil’s producer price index, which gauges how much products cost fresh out of the factory, saw 1.83 percent inflation in May this year. The rate is below April’s 2.08 percent, but above the 0.99 percent reported in May 2021.

The rate is up 9.06 percent year to date and 12.15 percent over 12 months, national statistics agency IBGE reported.

In May, 21 of the 24 industrial activities surveyed faced inflation, chief among them the extractive industry (12.5%), oil refining and biofuels (2.8%), paper and cellulose (4.96%), and metallurgy (2.05%).

The only three segments with prices on the wane in May were machinery and electrical materials (-0.27%), other chemicals (-1.31%), and cleaning and perfumery (-2.53%).

Of the four major economic categories under industry, the sharpest variations stemmed from intermediate goods (industrialized supplies used in the productive sector), 2.43 percent; followed by capital goods (machinery and equipment used in production), 2.04 percent; semi- and non-durable consumer goods, 0.80%; and durable consumer goods, 0.62 percent.