Inflation Keeps Going Down in Brazil

The inflation in the southeastern Brazilian city of São Paulo,  kept its downward trend  in the second week of August, increasing a mere 0.07%.

The Consumer Price Index (IPC), revealed by the Economic Research Institute Foundation (Fipe), stayed below the one registered in the previous week (0.19%).


According to the numbers of the institute, the inflation in São Paulo since May is below 0.35%. Once again, the main reason  for the low inflation was the group food, which had negative variation of 0.92% and was the only item checked by Fipe that registered deflation.


The prices of products and services related to health continued to lead the inflation, rising  0.87%. In spite of being the group presenting the biggest increase, health is already giving signs of deceleration in August. In the first week of the month, Fipe had already detected an inflation of 1.50%. The group transportation also had a considerable increase, of 0.74%.


The other items that compose Fipe’s price index had the following variation: personal expenses (0.50%), housing (0.11%), clothing (0.11%) and education (0.07%). The index is calculated weekly by Fipe, which checks families’ expenses with income up to 20 minimum wages in the city of São Paulo.


Harvest Blues


Brazil’s harvest of grains might reach 113,507 million tons this year, representing a reduction of 4.91% when compared to the 2004  harvest, which produced 119,370 million tons.


The data are part of the seventh estimate for the 2005 agricultural harvest released today by the Brazilian Institute of Geography and Statistics (IBGE).


The July  Agricultural Production Systematic Survey shows that the planted area this year should grow 0.50% in comparison to last year, reaching 48 million hectares. Soybean and corn, which together represent 76% of  the Brazilian production of grains, are the highlights.


ABr

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Your email address will not be published.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

Railcar Builders Wake Up from the Dead in Brazil into a Booming Business

Brazil’s railway industry believes that sales are going to continue rising in coming years. ...

Chicken Exports Keep Growing in Brazil Led by Japan

Brazilian chicken exports increased in both volume and revenues in January, compared with January, ...

They Started in 1958 with Hay Mattresses. Today They Sell Upholstery in the US and Europe.

The Arab countries were responsible for 40% of external sales of upholsteries from Americanflex, ...

OAS in Favor of Maintaining Brazil as Head of Haiti’s UN Forces

In a note released Wednesday, January 11, the Organization of American States (OAS) expressed ...

Stimulus Package: Brazil Gets US$ 4.2 Bi to Buy from Ambulances to Missile Launchers

Faced with a sluggish economy, the Brazilian government announced the expansion of the Accelerated ...

Brazil May Become Soon Main Producer of Wheat in Latin America

Brazil is catching up with Argentina as Latinamerica's main producer of wheat. This with ...

Despite Chinese Competition Demand for Brazil Wood Grows Among Arabs

Paraná, in the Brazilian South, one of the leading Brazilian forestry industry manufacturers and ...

Brazil Clamps Down on Paraguayan Contraband

Businessmen, taxi and truck drivers in Ciudad del Este blocked this week the Friendship ...

Brazil and Venezuela Embark on Broad Alliance

Brazil’s President Luiz Inácio Lula da Silva is traveling Sunday, February 13, to Caracas ...

Brazil’s Petrobras Invests US$ 66 Million in New Gas Plant

Petrobras, Brazil's state-controlled oil multinational is going to build an automotive gasoline manufacturing unit ...