Clipping of news on Brazilian Culture, Law and Citizenship
18/2/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO (Reuters) - The inflation by Weekly Consumer Price Index (CPI-S) slowed for the first time after six-week high due to a drop in clothing costs and a lower impact of heavy pressure from January.
The index has risen 1.04 percent in the second preview of February, compared to a high of 1.33 percent in the first, said the Getúlio Vargas Foundation (FGV), on Thursday.
Economists polled by Reuters had expected a reading of 1.07 percent, according to the median of 10 forecasts that ranged from 1.05 to 1.20 per cent.
Food prices decreased for the high 1.45 percent in the second prior month, compared to 1.69 percent in the first, mainly due to a slowdown in the increase of fruit. Seasonally, the hot and humid climate of the early years affect the harvest of natural products, raising their prices.
Transportation costs increased 3.13 percent in reading, up from 3.81 percent the previous one. This group includes urban bus fare adjusted in Sao Paulo, which has lobbied strongly to inflation in January.
Education prices rose 1.12 percent in the second prior, well below the jump of 2.63 percent of the first. Tuition fees tend to be readjusted at the beginning of the school year, impacting inflation in January, but the pressure has dissipated over February.
Clothing prices was retreating 0.23 percent from stability in the first preview.
Source: Reuters
This article was translated by an automatic translation system, and was therefore not reviewed by people.