Clipping of news on Brazilian Culture, Law and Citizenship
27/1/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Education and transportation are more expensive from second to third week of January in the city of Sao Paulo. This is the result of the survey week known as CPI Index (Consumer Price) and conducted by Fipe (Foundation Institute of Economic Research). The Institute does this survey every week to monitor the price movements of seven groups that comprise the index.
These movements are continuous and high measured in percentage, to identify how much prices had gone up and continued to grow as a week to another. On the average, inflation in Sao Paulo rose 0.85% to 1.16% from second to third week of this month. It is the largest made since June 2008.
Increases in January coincided with the return to school and the adjustment of tariffs in the early years: The point of education was high of 2.07% to 3.48%, transport 2.32% to 3.52% - only coach in São Paulo has cost R$ 2,70 on Jan. 4. Before, it was worth R$ 2,30.
Besides these two sectors, the food expenditure also rose from 1.26% to 1.66% from one week to another.
The average overall increase was not higher because it was offset by price falls in groups personal expenses (from 0.57% to 0.48%) and health (from 0.29% to 0.14%). And the clothing item has had deflation (negative change), because prices were falling by 0.42% and decreased by 0.49% last week.
It is worth mentioning that going from 0.57% to 0.48% does not mean the end of inflation the group, and yes, a smaller increase than reported previously. Prices on items of personal expenditure, for example, had increased from one week to another - in this case, grew 0.48%, less than the increase recorded before, 0.57%. But when the deflation grows, then it's drop in prices. In the case of clothing, the sales are dropping in January of the value of products, which are cheaper than a week to another.
Expenditures for the housing group remained stable (0.15%).
Source: Portal R7
Of R7, with agencies
This article was translated by an automatic translation system, and was therefore not reviewed by people.