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:

You May Also Like

To Develop Brazil’s Northeast Is Obligation Not Dream, Says Lula

At a last stopover on Monday, January 16, in northeastern Brazil, during visits to ...

US Stubbornness Is Sole Explanation for Cuba Embargo, Says Brazilian President

For the Brazilian president the only reason the US embargo against Cuba continues to ...

Brazilian Small Mango Farmers Get a Place at Europe’s Table

Small farmers from the  Associação Manga Brasil (Mango Brazil Association) are optimistic about selling ...

Brazilian crowd in Salvador, Bahia

Brazil’s False Image of Racial Harmony Has Accomplice: the Black Population

In retrospect, I often ponder the following questions: Do people really not see the ...

Razing History in Brazil

I come back to reality. The dwelling inhabited by the famous writer Clarice Lispector ...

We are flunking the challenge

The Brazilian education level is so low in Latin America that only Guatemala, the ...

Brazil to Explore Oil and Build Cars in Iran

Brazilian exports to Iran have exceeded US$ 1 billion in 2004. This represents a ...

Brazil Goes on High-Level Trade Mission to North Africa

Businessmen from Brazil willing to go on a mission to North Africa, organized by ...

Pure Samba

In movies, plays, music, art, and literature, the Brazilian culture continues more alive than ...

Good for Suckers

Congress is investigating why drugs are so expensive in Brazil. After two weeks of ...