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    Your email address will not be published.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

    Brazil's Finance Minister, Guido Mantega

    Brazil Gets Back a Banned Tax Under New Name

    CPMF is out, IOF is in. Despite promises from Brazilian President Luiz Inácio Lula ...

    Lula Vows to Make Brazil a World-Class Coop Nation

    Brazilian President Luiz Inácio Lula da Silva declared that the Solidarity Economics secretariat, which ...

    Indiana Jones as played by Harrison Ford in Raiders of the Lost Ark, 1981

    Indiana Jones’s Brazilian Connection: the Fedora

    The famous hat worn by actor Harrison Ford in the Indiana Jones movies was ...

    Brazil Added to World’s Top Destinations for Medical Tourism

    Medical Tourism is becoming a very popular concept in the United States. And, with ...

    Venezuela Starts Receiving Brazil’s Fuel Alcohol. China Is Next.

    Brazilian energy giant Petrobras made its first shipment of fuel alcohol this week. The ...

    Brazil Exports Over US$ 10 Billion in June, a Record

    Brazilian exports set an all-time record in June, when they surpassed the mark of ...

    Brazil’s BNDES Opens the Wallet: US$ 23 Billion to Go

    The Brazilian Development Bank (BNDES) made available a total of US$ 1.479 billion in ...