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Monthly PPI in Brazil at Second Highest Level since 2014

M. Ali 2 March, 2021 7:00 pm Market Update

The producer price index (PPI) in Brazil registered its second highest increase on record since 2014, according to official data by IBGE released on Tuesday.

The PPI increased by 3.36% in January compared with its level in December 2020.

It is worth noting that the highest level for the index on record was a 3.4% increase in October 2020.

On an annual basis, producer prices surged by 23%.

Wholesale prices accounted for the largest increase across market segments.

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