Brazil: Can bread, coffee and milk get even more expensive?

Published 2022년 6월 1일

Tridge summary

The article highlights the significant increase in the costs of essential items for Brazilian breakfast, with coffee seeing the highest surge of 66.36% in the past year. The war between Russia and Ukraine is identified as a key factor driving the rise in bread prices due to the import dependency of wheat. Despite some experts predicting a stabilization of wheat prices and bread prices remaining stable in the near future, concerns are raised about the potential increase in milk prices due to anticipated dry conditions that could negatively affect pasture quality and increase feed costs for dairy farmers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Breakfast is getting more and more expensive. The most common items for a Brazilian's first meal soared in the last year. Only bread rose 15.34% in the last 12 months. Coffee, on the other hand, was the biggest villain and shot up 66.36%, according to data released in the IPCA-15. In the view of economists interviewed by Money Times, this Wednesday (01), in general, prices should continue to rise, which tends to stifle even more the purchasing power of the consumer. “The trend is towards an improvement for these products, but that does not mean that they will not rise, there will be a relief in the upward pressure, but the price advance will not cease to exist”, explains Juliana Inhasz, professor and economist at Insper . She comments that of all the products mentioned, bread tends to suffer the most due to the war between Russia and Ukraine. “The other products are produced here in Brazil. Milk tends to return to balance after production has returned to normal, we are large ...

Source: Moneytimes