Clipping of news on Brazilian Culture, Law and Citizenship
04.09.2015
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Food prices fall by 19% and inflation recedes in Rio
English potato, tomato, onion and banana-silver are the products registered declines
Luisa Bustamante
Rio - After months followed by high, food prices began to give a relief to the consumer's pocket. English-potato prices, tomato, onion and silver-banana fell to 20% last month, forcing the deceleration of low-income inflation, measured by the Consumer Price Index - Class 1 (IPC-C1), which varied 0 , 6% in August, compared with an increase of 0.68% in July.
The housewife Elizabeth Alves noticed the price reduction on some products. She hopes that there are more falls in food
Photo: Daniel Castelo Branco / Agency Day
The indicator calculated by the Brazilian Institute of Economics (IBRE) of the Getulio Vargas Foundation (FGV), measures the change in prices of a basket of goods and services for families with income between 1 and 2.5 minimum wages, surveyed in Rio, Sao Paulo , Recife and Salvador. But the fall in prices is only a soft drink on the accumulated high in the year. In the year, the CPI-C1 sum 8.01% and now stands at 10.37% in the last 12 months.
Infographic: Rate of fall in food
Economist Ibre / FGV, André Braz says the indices show that the free food fair are falling, but notes that prices have yet to fall much to relieve the consumer of the increase recorded in 12 months. "The tomatoes fell by 15.54%, but rose 16.49% in 12 months. The English potato is 19.07% cheaper, but suffered increase of 57.93% in twelve months. The onion fell 10.34%, but increased by 156.81% over the past, "Braz said.
Four of the eight classes of low-income inflation indicator expense had a negative variation. Power went from 0.94% to -0.36%; housing, from 1.18% to 0.18%; clothing, -0.21% to -0.26%; and miscellaneous expenses of 0.16% to 0.12%.
In these groups, the highlights were vegetables and fruits (1.84% to -10.76%), residential electricity rate (3.80% to -0.83%), men's clothing (0.80% to -0, 53%) and pet food (0.56% to 0.05%), respectively.
Against, increased transport prices (from 0.13% to 0.42%), health and personal care (from 0.42% to 0.59%), education, reading and recreation (0.03% for 0.34%) and communication (0.08% to 0.10%).
These classes of expenditure, the stand out items: urban bus fares (0.05% to 0.55%), toiletries and personal care (0.55% to 1.22%), airfare (-15 92% to 9.55%) and monthly fee for cable TV (0.79% to 1.75%), respectively.
The cheapest foods are already perceived by consumers. According to the housewife Elizabeth Alves, 50, these products were actually very expensive. "I realized that are now cheaper. Are key ingredients to the Brazilian and hopefully go down further, "he said.
For the civil servant Julio Asunción, 47, the consumer has the power to influence. "When a product is too expensive people must be mobilized and leave bogged down in mercado.Isso certainly lowers the price," he said.
Markets predict injury
The fall in food prices is a reflection of the economic crisis that also hit basics of Brazilian consumption, such as food, drinks and toiletries and cleaning. Between January and July, the turnover of supermarkets fell 0.2% this year compared to the same period in 2014, adjusted for inflation, according to the Brazilian Association of Supermarkets (Abras).
The supermarket industry began the year projecting growth of 2%. Then cut the estimate for 1%. Now, believe it will close 2015 in the red.
"For a long time, at least since 2004, that we had a loss of sales," says the president of the Advisory Council of Abras, Sussumu Honda. He notes that changing industry route followed a long period of sales growth. (With agencies)
Dollar appreciation improves balance
The price drop is a trend in the government's assessment. Yesterday, the chief minister of the Civil House, Mercadante, predicted that inflation in August should have slowed down to around 0.25% or 0.26%, referring to the Broad Consumer Price Index (IPCA) , measured by the IBGE.
Mercadante also said the devaluation of the Brazilian currency against the dollar is improving the trade balance and allow the substitution of imported for domestic products.
Collaborated Lucas Gayoso
Source: The Day
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This article was translated by an automatic translation system, and was therefore not reviewed by people.