Industrial Cost Indicator

The Industrial Cost Indicator (ICI) was developed by CNI to capture the evolution of costs and their impact on the competitiveness of Brazilian industry. It is calculated quarterly and makes it possible to keep track of the short term evolution of costs, which is key for building and evaluating policies and actions in favor of competitiveness. The indicator began to be published in January 2013, but its historical series goes back to 2006.


Inputs and raw materials cause cost rise in Brazilian industry

The Industrial Cost Indicator increased 8.6% in the third quarter of 2020, compared to the second quarter. It’s the biggest cost rise since the start of the time series in 2006. This is in part an adjustment relative to a temporary cost decrease that happened in the second quarter, due to the crisis and to crisis mitigation policies put in place by the government. Another part of the increase in cost is related to the progressive cost increases for intermediate goods along 2020, which is persistent and tends to impact the cost of the fourth quarter of 2020 and of 2021.


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Additional Information

Previous editions

Recent series

July/September 2020


Methodology (in portuguese)

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