Gas Prices Help Push Inflation Up in Brazil

October’s Broad Consumer Price Index (IPCA) was 0.75%, double September’s rate of 0.35%. The cumulative index for the year stands at 4.73%, less than last year’s figure of 5.95% for the same period.

Over the past 12 months the IPCA was up 6.36%, as against 6.04% in the preceding 12-month period. The IPCA inflation indices were announced today by the Brazilian Institute of Geography and Statistics (IBGE).

Gasoline was responsible for the single largest impact on the index, contributing 0.18% to October’s increase. This was in part the consequence of September’s 10% readjustment in the price of fuel at refineries, raising gas prices at the pump an average of 4.17% per liter.

Increases in airfares (11.06%) and urban bus fares (1.10%) lifted transportation costs 2.21%, the biggest increase among all the economic segments covered in the survey.

The index has been computed since 1980 and reflects the outlays of families with monthly earnings of 1-40 minimum wages.

The survey is conducted in the country’s nine major metropolitan areas and the cities of Goiânia and Brasí­lia.

The IBGE compares the prices gathered during the period between September 27 and October 26 with those gathered during the preceding one-month period.

Agência Brasil

Tags:

Ads

You May Also Like

Close Ally of Brazilian President Loses Political Rights

A Brazilian court suspended the civil rights of Sao Paulo’s former mayor, Marta Suplicy, ...

Brazil’s Housing Deficit of 7 Million Might Double

In less than 20 years, Brazil’s housing deficit can nearly double from its present ...

A Morte e a Morte de Quincas Berro Dágua

Jorge Amado By Jorge Amado Jorge Amado, who died August 6, 2001, four days ...

Tight Money Depresses Brazil Stocks

Brazilian stocks ended mixed to higher, ahead of an interest rate decision later yesterday. ...

Brazilian Agriculture on the Road to Grow 17% and Bring US$ 75 Billion

Brazil's Ministry of Agriculture, Livestock and Supply made an upward revision of its estimate ...

Brazilians Don’t Seem to Care

The lack of a political response is disappointing because it shows the U.S. that ...

Brazil Should Be Smart Enough Not to Put All Its Eggs in the Ethanol Basket

As one of the country’s well-recognized industries, the future importance of Brazil’s biofuels sector ...

Brazil and LatAm Rush to the Rescue of Tumbling Markets and Currencies

Countries in Latin America, including Brazil, moved quickly this week to face the global ...

How Angola’s Petrodollars Are Fueling a Brazilian Contractor

Brazilian real estate developer Odebrecht's investments in Angola have surpassed US$ 600 million, the ...

The Ox Who Said No

The crazed driver held on to his cart while trying to gain some control, ...