Brazil: Prices of the products in June increased two times more than the consumer inflation in the last 12 months
Brazil
Published Jun 30, 2021
Tridge summary
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.
Original content
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 cereals and legumes, the production of soy, corn, rice and peanuts were impacted, which reflected in the increase in the prices of these in natura products, as well as of meat, which use corn and soy ...
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