• Categories
  • Archives

August Food Prices Jump 0.76% in Brazil

Brazil’s Consumer Price Index (INPC) rose 0.5% in August, compared to 0.73% in July, reports the government statistical bureau (IBGE). In August 2003 the INPC rose 0.18%.

With the August result, cumulative inflation for families with incomes between one and eight minimum wages for this year is at 4.41%, compared to 8.08% during the same period in 2003.


However, for the last 12 months, it is slightly higher this year: 6.64%, compared to 6.30% in 2003.

According to the IBGE, Food prices rose 0.76% in August, compared to 0.53% in July. Non-Food product prices were up 0.39%, compared to 0.82% in July.

The biggest jump in prices was in Rio de Janeiro, up 1.12%. The lowest price increase was in Salvador, up 0.04%.


The INPC, which measures inflation for Brazil’s low income population, was 0.40% in May. Food prices, which have the heaviest weight in the budgets of families covered by the index, remained practically stable, increasing only 0.02%, while non-food prices rose 0.57%, less than the 0.77% variation they experienced in April.

The index encompasses families with a monthly income of between one and eight minimum wages (between 83 and 664 US dollars) and includes the metropolitan areas of Porto Alegre, Curitiba, Belo Horizonte, Rio de Janeiro, São Paulo, Fortaleza, Salvador, Recife, Belem, Goiânia, and Brasí­lia.

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Your email address will not be published.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

Brazilian astronaut Marcos Cesar Pontes

Brazil’s 20-Million-Dollar Man, Astronaut Pontes

So far the Brazilian government has spent around US$ 10 million on the training ...

A Lufthansa airplane

Brazil’s TAM to Share Code and Much More with Lufthansa

Just a few days after announcing an alliance with US's number 2 United Airlines, ...

Brazil's Electronics Valley

How Education and Hard Work Built Up Brazil’s Silicon Valley

The year was 1959. The place, Santa Rita do Sapucaí, a city in southeastern ...

A Delightful Cultural Trip into the Past in Belo Horizonte, Brazil

Pure air, a landscape surrounded by mountains, good food and the pleasant citizens of ...

Hans Stern, the Founder of a World Jewel Empire, Dies in Brazil

Jeweler Hans Stern, the founder of an empire of beauty and sophistication, died today ...

Brazil’s Lula Asks More Daring from Teachers

Brazilian President Luiz Inácio Lula da Silva says that Brazilian teachers should undergo “a major ...

Hotel in Ceará, Brazil

The Lowdown on Getting Permanent Residency in Brazil

Since October of last year, a new law has passed in Brazil whereby the ...

Brazilian Congress Once Again Snubs Venezuela’s Chavez

The opposition in the Brazilian Congress once again delayed on Wednesday, February 4, the ...

Led by Brazil, G3 Strengthens Ties

The Brazil, India, South Africa Dialogue Forum ended last week with the approval of ...