• Categories
  • Archives

Food and Fuel Help Brazil Lower May Inflation to 0.49%

Inflation in Brazil, in May, as measured by the Broad Consumer Price Index (IPCA), rose 0.49%, down from 0.87% in April. The IPCA survey, which is used by the government to gauge its inflation targets, is conducted by the government statistical bureau IBGE (Instituto Brasileiro de Geografia e EstatÀ­stica).

According to the IBGE, smaller increases in food prices and public utilities, which are administered by the government, plus lower fuel prices, were mainly responsible for the lower May inflation.


Cumulatively, the IPCA is up 3.18% for the year, compared to 2.75% for the same period last year. For the last twelve months, the IPCA has risen 8.05%, just slightly less than the prior twelve month period, when it rose 8.07%.


The IPCA measures inflation for families with a monthly income between one and forty minimum wages (R$ 300 to R$ 12,000 – US$ 122 to US$ 4853) in the metropolitan regions of Recife, Salvador, Rio de Janeiro, Belo Horizonte, São Paulo, Porto Alegre, Belém, Fortaleza, Curitiba, Brasí­lia and Goiânia.


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Your email address will not be published.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

Still a Long Way to First World for Brazil

Brazil needs to chase new markets to show its potential. This option was defended ...

The Trouble Between Russia and Brazil: They Don’t Know Each Other

Although Russia maintains its suspension of Brazilian meat imports, Russians and Brazilians agreed on ...

Brazil: Sí£o Paulo’s Big Push to Export

The government of the state of São Paulo, Brazil, plans to increase the number ...

Brazil’s Latest Landless: The Indians

Federal Police officers helped by three army helicopters removed some 700 Indians from a ...

Brazil Wants Free Trade Agreement with Japan and South Korea

More than 400 entrepreneurs will accompany Brazilian President Luiz Inácio Lula da Silva on ...

Transgenic Terminator Condemned in Brazil by Pro Organic Activists

A development in the field of transgenic seeds, the "Terminator" technology, is expected to ...

Promoting in Brazil Middle East’s Way of Prophet Abraham

Some of the objectives of the "Abraham Path Initiative" are promoting cultural exchange and ...

Mobile to Soon Become More Popular than Fixed Broadband in Brazil

By 2011, according to a new report from Pyramid Research, Mobile broadband will surpass ...

The Ones to Beat

Brazilian Hélio Castroneves became the first Indianapolis driver in 31 years to successfully defend ...