The FINANCIAL — Brazil’s general price index, known as the IGP-M, rose in 2015 at the fastest pace since 2010, underscoring the challenge inflation poses to President Dilma Rousseff’s administration, according to Nasdaq.
The annual IGP-M figure finished the year with an annual increase of 10.54%, versus a rise of 3.69% in 2014, the Getulio Vargas Foundation said on December 29. The latest figure marked the fastest annual gain since 2010, when the index advanced 11.32%.
In December, the IGP-M index rose 0.49%, compared with an increase of 1.52% in November. The December IGP-M figure measured prices from Nov. 21 to Dec. 20.
The December figure was in line with analysts’ expectations for an increase of between 0.44% to 0.65%.
Wholesale prices, which carry a 60% weighting in the overall index, gained 0.39% in December compared with a 1.93% rise in November.
Consumer prices, which have a 30% weighting, increased 0.92% in the month from a previous 0.90% rise. Construction costs, which have a 10% weighting, rose 0.12% compared with a 0.40% increase.
Discussion about this post