Agricultural Values Continue to Rise Compared to Industrial Products
The Producer Price Index for Agricultural Product Groups (IPPA/Cepea) rose by 3.3% from August to September in nominal terms. This increase reflects the rises observed across all product groups, as reported by the Center for Advanced Studies in Applied Economics (Cepea) at Esalq/USP.
Grains saw an increase of 3.2%, livestock by 4.6%, horticultural products by 4.2%, and sugarcane and coffee by 0.7%. During the same period, the Industrial Products Price Index (IPA-OG-DI), calculated by Fundação Getulio Vargas (FGV), advanced by 0.2%, indicating that agricultural prices continued to rise relative to industrial products in the Brazilian economy from August to September.
On the international stage, the international food price index, calculated by the International Monetary Fund (IMF), experienced a slight increase of 0.7% (with values converted to Brazilian reais), alongside a moderate appreciation of the official exchange rate released by the Central Bank. Thus, international food prices exhibited more stable behavior.
However, for the accumulated data in 2024, the IPPA/Cepea shows a decline of 4.5%, primarily influenced by a significant contraction of nearly 10% in grains and a decrease of 5.4% in livestock.
In comparison, the IPA-OG-DI Industrial Products index has accumulated a decline of 2.3% this year, while international product prices have dropped by 0.1%.
