Housing and Food Drive Inflation Up in Brazil

    Inflation in Brazil during the period between July 14 and August 13, gauged by the Getúlio Vargas Foundation’s (FGV) Consumer Price Index (Índice de Preço ao Consumidor – IPC-S), was 0.80 percent, 0.04 percent higher than for the previous period.

    According to the FGV’s Brazilian Economics Institute (IBRE), the Food and Housing groups exerted the biggest impact on the index. Together, the two groups accounted for 78 percent of the composition of the IPC-S during the period.

    The food group rose from 0.74 percent to 1.06 percent, led by vegetables and legumes (7.39 percent), sweeteners (5.83 percent), and fish (0.74 percent), among other items that experienced price increases. Their aggregrate weight in family food expenditures in the 12 capitals covered by the survey was 57 percent.

    The FGV economists explained that the housing group, even though it showed deceleration, declining from 1.25 percent to 1.02 percent, exerted the biggest single influence on the IPC-S, on the order of 0.32 percent.

    Among the 12 capitals surveyed, inflation accelerated in 7. The highest rate was registered in Recife (1.38 percent), and the lowest, in Fortaleza (0.19 percent).

    Agência Brasil

     

     

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Drums of Passion

    A new United Nations study shows that it is enough for someone to leave ...

    Brazil Does Not Want a Quota System from Russia

    Vice president José Alencar reports that he has had discussions with Russian prime minister, ...

    Portugal’s Júdice: A Poet Is a Loner

    "It was in the ’60s that a distancing between Brazilian and Portuguese poetry occurred. ...

    Getting to know the Maracajaú's fish, in Natal, Brazil

    Brazil Betting Foreign Olympic Tourists Will Want to Travel Beyond Rio

    They will watch volleyball, soccer, basketball, judo, swimming and fencing matches, but they are ...

    Exploitation of children

    125 Countries in Brazil Debating Child Sex, Trafficking and Pornography

    Close to 3,000 participants from over 125 countries have gathered in Rio de Janeiro, ...

    Dominican Republic Gets Loan from Brazil for Aqueduct

    Brazil’s National Economic and Social Development Bank (BNDES) will provide US$ 64.7 million to ...

    Brazilian Market Betting on Deep Cut in Interest Rates

    Latin American stocks fell, with Brazilian shares falling on profit taking following recent gains ...

    Stagnant water, a mosquito breeder

    Brazil Blames Dengue Outbreak on Careless Population

    Brazilian authorities are blaming the population for an outbreak of dengue fever in Rio ...

    Brazil Lula’s Perfect Poll: First Round Win, Best Performance, Low Rejection

    For Brazilian president Lula the news couldn’t be better. The latest poll by DataFolha, ...

    1 Million Kids as Young as 5 Working in Brazil

    Over a million children in Brazil between the ages of 5 and 13 work, ...