The Producer Price Index (IPP) for January reflects a significant upward trend in furniture prices in Brazil, reports ITTO with the reference to the monthly survey by the Instituto Brasileiro de Geografia e Estatística (IBGE).
The Producer Price Index that covers mining, quarrying and manufacturing industries has the purpose of measuring the average change of the sales prices received by domestic producers of goods and services.
According to IBGE the index gained 1.4% in January and the accumulated rise in 2017 was around 5%. Analysts note that the January 2018 data suggests that the furniture sector will see a recovery in prices in the domestic market reversing a downward trend that began in 2014.
Analysts caution that the positive index data does not necessarily mean there will be an adjustment of prices for products on the market but future price levels should improve slowly.