Producer inflation in agriculture fell to 127.56 percent in February

The producer price index of agricultural products (Agriculture-IPP) increased to 6.58 percent with respect to the previous month in February 2023, 18.40 percent with respect to December of the previous year, 127.56 percent with with respect to the same month of the previous year and to twelve-month averages There was an increase of 142.90 percent with respect to the previous year.

Compared to the previous month, there was an increase of 6.41 percent in agricultural and game products and related services, an increase of 10.68 percent in fish and other fishery products, and an increase of 10.91 percent in forest products and related services.

Across the main groups, there was a 0.95% decrease in perennial herbal products, a 6.32% increase in live animals and animal products, and a 10.80% increase in herbal products. herbs for a year compared to the previous month.

HIGHER INCREASE IN CITRUS FRUITS

The subgroups with low annual increase were fibrous plants with 32.64 percent and cereals (excluding rice), legumes and oilseeds with 84.67 percent, respectively. For their part, the subgroups with the highest annual increase were citrus with 213.84% and oilseeds with 188.83%, respectively.

The subgroups that presented a decrease compared to the previous month were citrus with 2.70 percent and rice with 2.04 percent, respectively. On the other hand, the subgroups with the highest monthly increase were vegetables and melon-watermelon, roots and tubers with 24.09 percent and oleaginous fruits with 7.52 percent.

In February 2023, of 86 items included in the index, the average price of 14 items decreased and the average price of 68 items increased.