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Your email address will not be published.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 Creation of New Jobs Tumbles Almost 50%

The creation of registered, on-the-books jobs in Brazil took a nose dive in May. ...

Brazil, on the IMF’s Right Side

The head of the IMF’s Atlantic Division, Phil Gerson is in Brazil. After visiting ...

Brazil Launches Project with Non-Tropical Exotic Fruits

Micro and small businesses from Rio Grande do Sul state, in the Brazilian South, ...

Brazil Presents Samba de Roda as Mankind’s Heritage

The National Non-material Heritage Program, launched yesterday by Brazil’s President Luiz Inácio Lula da ...

Fearful of Losing Land Brazilian Indians Take Their Case to London

A video released by the Brazilian Indigenous Council of Roraima  (CIR) and Survival International, ...

Air Canada Gets First of 45 Brazilian Embraer 190 Jets

Air Canada took delivery this Monday, December 12, of its first of 45 Embraer ...

New Republic Celebrates 20 in Brazil

March 15 marked the 20th anniversary of the beginning of the country’s redemocratization, after ...

For Women Brazil Is a Paradise. A Shame It’s Only on Paper.

Brazil’s legal protection of women’s rights has been praised by the Inter-American Commission on ...

Director José Joffily on Who Killed Pixote?

Pixote is a 1981 disturbing film story about a criminal child in the streets ...

With Seeds and Stones, Brazilian Shoes Sweep Women Off Their Feet

The luxury shoes designed by Jorge Guimarães are already on the feet of Arab ...