Food Prices Slow Inflation in Brazil

The Brazilian Institute of Geography and Statistics (IBGE) announced today that the Broad Consumer Price Index (IPCA) varied 0.33% in September, less than half of its 0.69% increase in August. In September, 2003, the rate was 0.78%.

Including the results for September, the IPCA, which is used by the government to set its targets for inflation, has risen 5.49% so far this year, less than the 8.05% registered over the same period last year.


For the past 12 months the index totals an increase of 6.70%, which is also lower than the results for the preceding 12-month period (7.18%).


Food products, which declined 0.19%, evidenced a strong deceleration compared with August, when they rose 0.85%.


Oil prices also went down 0.7% in September, compared with an increase of 1.64% the previous month.


On the other hand, ethanol fuel suffered an increase of 1.21%, much less than the August jump, when prices went up 11.49%.


Telephone tariffs rose 3.13% in September. Compare this to a smaller increase of 0.62% in August.


Among the state capitals included in the survey, the highest index was registered in Goiânia (0.77%) and the lowest in Curitiba (-0.08%). In Rio de Janeiro and São Paulo, the IPCA varied 0.37% and 0.28%, respectively.


The IPCA is based on the expenses of families that earn between 1 and 40 minimum wages and covers the metropolitan areas of Curitiba, Belém, Fortaleza, Salvador, São Paulo, Recife, Rio de Janeiro, Belo Horizonte, and Porto Alegre, in addition to the cities of Goiânia and Brasí­lia.


Agência Brasil
Translator: David Silberstein

Tags:

Ads

You May Also Like

Brazilian Companies Learn to Make Money Selling Carbon Credits Overseas

It was just three years ago that Brazilian businessman Juarez Cotrim, from Brazil's southeastern ...

Lula and King Mohammed VI Have Big Plans for Brazil and Morocco

Brazil’s President, Luiz Inácio Lula da Silva, said Friday, November 26, during the meeting ...

Brazil’s Trade Surplus Reaches US$ 15 Billion, 19% More than Last Year

According to information from the Brazilian Ministry of Development, Industry and Foreign Trade, Brazil ...

Brazil’s Gol Airline Merges Varig and Gol, But Keeps Both Brands

Brazilian airline Gol Linhas Aéreas, which controls Gol and Varig announced this Wednesday, July ...

Brazil Congress Wants US Pilots Indicted for Murder in Air Accident

Brazil's Inquiry Parliamentary Commission (CPI) on the Brazilian Air Traffic has concluded its report ...

Brazilian Landless Ready for 17-day March to Brasí­lia

Leaders of Brazil’s Landless Rural Workers’ Movement (MST) had a meeting, yesterday, with members ...

Brazil Invites Mexico to Create a Trade Bloc with Global Ambitions

Brazilian President, Luiz Inácio Lula da Silva, has invited Mexico to join South America ...

Feeling Good: Brazil Is 4th in Consumer Confidence in the World

According to a global consumer confidence survey by consultancy firm Nielsen, Brazil ranked 4th ...

In Blood of the Wicked, a Brazilian Cop Turns Out to Be the Good Guy

George Demko, a professor at Dartmouth University, has carved out an interesting niche for ...

Brazilians Block Highway to Protest Rice Import

More than 250 rice producers in the state of Rio Grande do Sul, Southern ...