Clipping of news on Brazilian Culture, Law and Citizenship
9/4/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
With the March result, the accumulated in the first quarter of the year closed at 2.06%, well above the rate of 1.23% on the same period in 2009. Considering the last twelve months, the index stood at 5.17%, also above the preceding twelve months (4.83%). Note that the rate in twelve months has exceeded the threshold of 5% for the first time since May 2009, moving away further from the center of the government's inflation target, which is 4.5% this year.
The Food and beverages group rose by 1.55% in March, compared to 0.96% increase. The group had the main contribution to the IPCA high this month, by 0.35 percentage point and accounted for 67% of the result.
"Tomatoes, whose production is being hampered by heat and heavy rainfall, 42.95% was expensive and led the main contributions (for the month IPCA) with 0.08 percentage point" the statement said.
Other products also became more expensive affected by climate, such as potatoes, where prices rose 8.44%. Pasteurized milk also showed a sharp increase from 8.03% in March.
Foods: high prices in the 1st quarter exceeded all the inflation in 2009
Data for the first quarter of a point IPCA food inflation of 3.69% from January to March, surpassing the readjustment of foods from all over the last year, which stood at 3.18%. This is the greatest high in the sector in the first quarter since 2003.
- What we see is that there is an overall hike in the food sector. The main causes for this rise in prices are the climatic problems such as excessive rain and heat, but there is also the issue of increased demand that may already be impacting the IPCA - said Eulina Santos, of the IBGE.
For the year, besides food, the other two items influenced the higher prices, which were transportation and education. According to the IBGE, these three items together accounted for 74% of the cumulative inflation in 2010, which is 2.06%.
Transport prices were cheaper in March
Transport, as well as items of education, also alleviated the pressure increased from 0.79% in February to fall from 0.54% in March. The move reflects the deflation of 2.51% of fuels in the previous month had risen 1.14%.
The move, according to the IBGE, was due to temporary reduction in the rate of the Contribution of Intervention in the Economic Domain (Cide) and the decrease of the share of ethanol in gasoline.
The prices of clothing have reversed the decline of 0.52% in February and rose 0.66% in March.
Source: Portal do Jornal O Globo
This article was translated by an automatic translation system, and was therefore not reviewed by people.