• Categories
  • Archives

Bus and Education Push Brazilian Inflation Up

Brazil’s Broad Consumer Price Index (IPCA) rose 0.41% in February, less than the 0.59% increase registered in January. The index suffered the upward pressure of monthly school fees, which rose 5.38%.

The biggest increase occurred in Rio de Janeiro (0.74%), in consequence of the 5.56% increase in bus fares, while the smallest increase was in the capital of Goiás state, Goiânia (0.06%).

According to the report released this Friday, March 10, by the Brazilian Institute of Geography and Statistics (IBGE), the reason the increase was not greater is due to price declines in the clothing group (-0.54%), domestic items (-0.39%), and food and beverages (-0.29%). The IPCA is used by the government to set its inflation targets.

The prices used to measure the IPCA are gathered in 11 regions (Rio de Janeiro, Brasí­lia, Recife, Belo Horizonte, Salvador, Fortaleza, São Paulo, Belém, Curitiba, Porto Alegre, and Goiânia), based on the spending of families that earn between one and forty monthly minimum wages (US$ 139 to US$ 5,520).

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Your email address will not be published.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

No Clove, No Cinnamon

By JohnM “The King of Portugal had given the region, with its savages and ...

Brazilian Shares Rebound After Interest Rate Cut

Latin American shares ended higher today, June 1st, with Brazil and Mexico rallying to ...

Brazil’s Empretec Makes Railway and Veterinary Equipment

Empretec, a company that is based in the city of Guarulhos, in the Greater ...

Brazilian Airline Gol

Gol Airline Vows to Become Number One in Brazil by Year’s End

Brazilian airline Gol purchased Varig for approximately US$ 275 million. With the inclusion of ...

Public Defender Gets No Respect in Brazil

Brazil’s 1988 Constitution assigned state governments responsibility for establishing public defenders offices in the ...

Shock and Concern: Two Words to Describe Brazilians Reaction in London

Carlos Eduardo Goia, international relations coordinator of the Non-Governmental Organization, Global Justice, said in ...

Death Threats and Lawsuits Can’t Silence This Lone Brazilian Journalist

Death threats, physical assaults and 32 lawsuits – this is what freelance journalist Lúcio ...

Very Special Students

Brazilian companies willing to export to the U.S. don’t have to spend hundreds of ...