Food drives October inflation in Brazil

Published 2021년 11월 10일

Tridge summary

In October, Brazil's inflation rate rose by 1.25%, largely due to fluctuations in fuel and food prices, as reported by the Brazilian Institute of Geography and Statistics (IBGE). The accumulated inflation for the year reached 8.24%, with a 12-month rate of 10.67%. Factors contributing to the October increase included a 3.1% rise in gasoline prices, a 5.77% increase in diesel oil, a 3.54% increase in ethanol prices, a 33.86% increase in airline tickets, and a decrease in the prices of açaí, long-life milk, and rice. The food and beverage group played a significant role in the inflation, with price increases in various items such as tomatoes, potatoes, ground coffee, chicken, and cheese, attributed to reduced supply due to adverse weather conditions.

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

Original content

The 1.25% rise in October inflation was mainly driven by variations in fuel and food prices. The Brazilian Institute of Geography and Statistics (IBGE) released, this Wednesday (11/10), the Extended National Consumer Price Index (IPCA) for October. In the year, inflation accumulates high of 8.24%, and in the last 12 months, 10.67%. Gasoline was the item that most impacted the indicator in October, up 3.1%. Understand how the price of gasoline is calculated In addition to gasoline, there was an increase in the prices of diesel oil (5.77%), ethanol (3.54%) and vehicle gas (0.84%), according to the IBGE. Also accelerated the prices of airline tickets, by 33.86%. The food and beverage group had the second biggest contribution to the 1.25% rise in inflation in October. Tomatoes were up 26% and potatoes, 16%. These increases are due to reduced supply due to cold and ...

Source: Metropoles