Brazilian Inflation Reaches 5.31%

Brazil’s November inflation as measured by the Broad Consumer Price Index (IPCA), was 0.55%. This result represents a reduction of 0.20 percentage point in comparison with October’s, which was 0.75%.

The cumulative index for this year (5.31%) is also less than last year’s (6.68%).

For the last 12 months, the IPCA was 6.22%, while from December 2003 to November 2004 it was 6.36%. In November 2004, the IPCA was 0.69%.

The overall index reduction in November can be explained by the prices in the transportation sector, especially the moderate increase on prices of gasoline and urban bus fare. Information by the Brazilian Institute of Geography and Statistics (IBGE) was released today.

The IPCA, used by the government to define official inflation goals, processes the spending of families that earn up to 40 minimum wages per month, in nine metropolitan regions of the country, in addition to the municipalities of Goiânia and federal capital Brasilia.

November numbers were calculated based on the comparison between prices gathered during two consecutive periods: October 27th to November 29th and September 27th to October 26th.

ABr

Tags:

You May Also Like

On the Road

Car manufacturers from around the world have been investing feverishly in Brazil. The country ...

Brazil’s Landless Threaten to Use Over 100,000 People to Invade Lands in 23 States

The Brazilian Landless Rural Workers’ Movement (MST) announced, Tuesday, March 7, that it will ...

Brazil Develops Swiss-Army Truck for Farm and War

The industry of the southern Brazilian state of Santa Catarina recently presented one more ...

Brazil to Create New Organ Transplant Centers in 16 States

Brazil's Ministry of Health and the Syrian-Lebanese Hospital (HSL) announced the establishment of a ...

Export and Domestic Growth Go Together, Says Brazil’s Lula

Brazilian President, Luiz Inácio Lula da Silva, said yesterday that Brazil is about to ...

Brazil’s VO2Max, a High-Tech Sports Apparel Maker, Looks Overseas for Growth

Sports clothes maker wants to export For Brazilian cyclist Marcelo Torres, from BrasÀ­lia, the ...

Senate Spits in the Face of the Brazilian People

Brazil’s senators showed their contempt for the people who elected them by spitting in ...

Brazilian Federal Government Triples Investments in Two Years

Brazil’s federal government invested a total of US$ 8.061 billion (18.4 billion reais) last ...

Brazil Starts Selling the Not-That-Cheap Linux-Powered Popular Computer

Brazil’s state-owned Caixa Econômica Federal (CEF, Federal Savings Bank) started offering this Monday, November ...

Brazil Wants 73 New Sugar Mills to Boost Alcohol Production

Brazil’s Minister of Agriculture, Livestock, and Supply, Roberto Rodrigues, said that he will examine ...