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Economic indicators

Preview inflation accelerates and also bursts goal in April

22/04/2013

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 



The IPCA-15 recorded 6.51% in 12 months to April, up from 6.43% in March marked. During the year, the index has accumulated a 2.58%
The National Index of Consumer Price Large - 15 (IPCA-15), considered prior official inflation accelerated in April to 0.51%, from 0.49% in March, according to data released Friday by the Brazilian Institute of Geography and Statistics (IBGE). In April last year, the index recorded an increase of 0.43%. In the 12 months to April, the index also surpasses - barely - the ceiling of the government's target (6.5%) had recorded at 6.51%. In March, the IPCA-15 had a lower marked annually of 6.43%. During the year, the price increase reaches 2.58%, well above the rate of 1.87% seen in the same period last year.

The price continues tomato weighing in the consumer's pocket, with a high of 16.62%. Despite this the group Food and Drink slowed in March and April, from 1.4% to 1%. Still, the group represents the principal negative weight on the inflation index, with the highest rate among the groups month.

In food, there was a slowdown in prices of carrots (from 24.29% in March to 7.62% in April), carioca beans (11.68% to 7.28%), black beans (2.31 % to 0.31%) and cassava flour (5.72% to 3.44%). Moreover, some items in the drop deepened month as soybean oil (from -0.96% to -3.39%), meats (from -0.62% to -2.58%), and chicken (1 80% to -2.04%).

In the case of household workers, slowing from 1.53% in March to 1.25% in April, helped reduce the prices of the group Personal expenses, which increased from 0.51% to 0.48%.

In an attempt to control inflation, the government gave in to pressure from analysts and society and raised by 0.25 percentage point the basic interest of the country on Wednesday. Now the Selic rate is 7.5%. The concern with consumer prices increased a lot in recent days, especially after the full IPCA recorded 6.59% in 12 months to March, up from the ceiling of the government's target, which showed certain disregard Team Guido Mantega, Minister of Finance, and Alexandre Tombini, president of the Central Bank, with inflation this year.

Although economists believe that the Monetary Policy Committee (Monetary Policy Committee) should continue with rising interest rates, there is little reflection on inflation this year, since the monetary policy actions take six to nine months to have an effect on the market.



Source: See Online

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