Price of Basic Food Falls in Brazil

In June the cost of a basket of basic necessity goods (cesta básica) in Brazil fell in 12 out of 16 capital cities surveyed by the union-linked socio-economic research organization, Dieese (Departamento Intersindical de EstatÀ­stica e Estudos Sócio-Econômicos).

Prices were down most in Brasí­lia (-7.37%), Belo Horizonte (-6.81%) and Belém (-5.08%). Prices rose most in the Northeast: Aracaju (3.06%), João Pessoa (3%), Fortaleza (1.96%) and Recife (1.01%).


According to Dieese, the June result is all the more significant when it is recalled that in May prices of the basic basket rose in all 16 capital cities.


José Silvestre, a Dieese official in São Paulo, says the result shows that there is a tendency for inflation to also fall.


“In general, we have various indications of a drop in inflation. The prices of food items in the basic basket all fell in June, led by some items that have a significant weight in calculating the basket, such as tomatoes, sugar and rice,” explained Silvestre.


However, cumulative prices for the year, January to June, have risen in all 16 capital cities, with Recife (20.69%), Fortaleza (16.41%) and João Pessoa (14.2%) in the lead – all these capital cities are in the Northeastern region of Brazil.


The lowest price increases occurred in Brasí­lia (2.54%), Belém 2.78%) and Rio de Janeiro (4.16%). Silvestre points out that even with the cross-the-board increase for the year, the average increase for the 16 capital cities has been small.


ABr – www.radiobras.gov.br

Tags:

You May Also Like

Brazil’s Foreign Trade Tops US$ 200 Billion for First Time

Brazil trade relations with other countries exceeded, for the first time, US$ 200 billion ...

200 Indians Invade Brazilian Multinational CVRD and Demand Better Compensation

Indians demanding greater compensation from mining operations in the Amazon region have invaded a ...

Best-seller Books, Plays and Movies

3 By Brazzil Magazine Plays, movies & best-seller books PLAYS RIO De Cabral a ...

Brazil: FTAA, Hopes and Fears

Donna Hrinak, US Ambassador to Brazil, is confident that the FTAA will go into ...

Returning Cuban Boxers Who Defected in Brazil Promised Leniency by Castro

Cuban leader Fidel Castro says two Cuban boxers who have returned home after apparently ...

Brazilian Scandal’s Moneyman Testifies for 15 Hours and Lists All He Gave Money To

In his third appearance at congressional hearings, adman/businessman Marcos Valério, spent 15 hours Tuesday, ...

Never So Many Jobs in Brazil

Brazil’s National Confederation of Industry (CNI) announced that the number of jobs in the Brazilian ...

Food and Fuel Stir Up Inflation in Brazil

December’s inflation in Brazil as measured by the Broad Consumer Price Index (IPCA) amounted ...

After Bolivia Crisis Brazil Looks for Gas in Africa and Middle East

Brazilian state-controlled oil giant Petrobras, and White Martins, greatest company of industrial gas in ...

Brazil and Russia to Jointly Build Jet Fighters and Satellite Launchers

Russia and Brazil signed an agreement on Tuesday, April 15, to jointly develop top-line ...