Brazil: Prices of the products in June increased two times more than the consumer inflation in the last 12 months

Published 2021년 6월 29일

Tridge summary

A recent survey has shown significant price increases in various food items in Brazil over the past year, with rice pudding and barbecue leading the charge at 52.45% and 34.4% respectively. Other products such as condensed milk, beef, sausage, sugar, cheese, corn, pasta, peanuts, popcorn, sweets, corn meal, milk, and wine also saw price hikes that exceeded inflation. In contrast, apples and potatoes experienced price drops. The rise in prices is attributed to reduced meat and soy supply for export, especially to China, and water shortages affecting crop production. Economist Matheus Peçanha suggests consumers can mitigate the impact by comparing prices, opting for less well-known brands, and buying in bulk to get discounts.

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

Original content

The survey considered 32 food items in the Consumer Price Index (IPC/FGV) basket and showed that rice pudding and barbecue were the main villains: rice rose 52.45% in the last 12 months and condensed milk 25, 62%, while beef and sausage had rises of 34.4% and 27.74%, respectively. Other products that rose above inflation were: crystal sugar (24.02%), sausage and sausage (20.36%), wheat flour (18.08%), refined sugar (16.12%), Minas cheese ( 13.95%), corn (13.79%), pasta (11.72%), peanuts (11.13%), popcorn (11.02%), sweets and chocolates (10.5%), corn meal (9.19%), milk (8.92%) and wine (8.24%). Only 2 products among the 32 items recorded a decline in price in the period: apples (-1.57%) and potatoes (-14.54%). "The volume of exports to Asia (mainly to China) contributed to the reduction in the supply of meat and soy domestically, and this causes an increase in the price. The water crisis also had an impact on this price dynamic: with the drought in the main points of planting of ...

Source: Portal Do Agronegocio