• Categories
  • Archives

Inflation Is Up and Surplus Down in Brazil

Brazilian industry stops growing in 2007

Brazilian industry stops growing in 2007 Brazil's weekly Consumer Price Index (IPC-S) went up faster, in the second week of March, than in the previous week in four of the seven capitals analyzed by the Getúlio Vargas Foundation (FGV). Data from the FGV just released today, March 19, show that Belo Horizonte, capital of the southeastern state of Minas Gerais, had the highest rate of inflation with a 0.95% increase.

In São Paulo, the city with the  most weight on the national index of prices, inflation rose 0.34%. The consumer price index went up 0.85% in Porto Alegre, in the South and 0.54% in Recife, in the Northeast.

On the other hand, prices went up more moderately in Brasí­lia (0.14%). In Rio de Janeiro, the inflation rate was 0.52% and in Salvador, 0.46%. The IPC-S of the second week of March week went up 0.5%, 0.02% more than the previous reported rate.

Exports from Brazil amounted to US$ 2.762 billion last week, a 3.79% decrease compared with foreign sales for the week before. During the same period, imports reached US$ 2.056 billion, a 2.14% decrease, resulting in a balance of US$ 706 million between March 12th and 16th, with a daily average of US$ 141.2 million.

The monthly balance rose to US$ 1.695 billion, and the yearly balance went up to US$ 7.064 billion, a 9.11% decrease compared with the surplus (positive trade balance) recorded in the same period last year.

The figures were disclosed today, March 19, by the Brazilian Ministry of Development, Industry and Foreign Trade.

Brazilian exports totaled US$ 27.920 billion this year, a 13.73% increase over exports in 2006; imports reached US$ 20.856 billion, a 24,31% increase.

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Your email address will not be published.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

Varig’s Eleven: 11 Bidders Interested in Bankrupt Brazilian Airline

Eleven companies have shown interest in acquiring the routes, planes and offices of Brazil’s ...

Ipiranga gas station in Brazil

Brazil’s Petrobras Buys Ipiranga Group for US$ 4 Billion

Government-controlled Brazilian oil giant Petrobras, Ultra group, in the gas, chemical and transport sector, ...

Brazil Blames Boeing Crash on American Pilot Flying at Wrong Altitude

The Brazilian aviation authorities say that the Brazilian-made Legacy jet that collided with Gol’s ...

Brazil and Neighbors Build Their Own US$ 7-Billion Nest Egg

The definitive agreement for the launching of the Bank of the South, a multilateral ...

New Pictures in Brazilian Jungle Show Tribe of Uncontacted Indians

The movement for tribal peoples Survival International has been divulging pictures taken by Brazil’s ...

Brazilian Leader in Electric Showers Shows Its Wares at Big 5 Show

One of the main Brazilian makers of electric material and household appliances, Lorenzetti, is ...

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 ...

Brazilians Block Highway to Protest Rice Import

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

Brazil Joins G-77 in Doha to Condemn US and EU Farm Subsidies

The need for reform of the United Nations (UN) was a consensus among the ...