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.


Industrial costs declined in the first quarter of 2023

The Industrial Cost Indicator (ICI) decreased by 2.5% when comparing the first quarter of 2023 to the fourth quarter of 2022. This decrease can be attributed to the reduction in two components of the ICI: production costs, which went down by 2.9%, and tax costs, which dropped by 4.1%. On the other hand, the cost of capital increased by 6.4% in the period, which was not enough to reverse the decline in the ICI.


Click here to download the full edition:

Additional Information


Methodology (in portuguese)

Recent series

January/March 2023

Previous editions

Enter your email to receive

Related Searches