Brazil: Tomato prices skyrocket in October

Published 2022년 11월 14일

Tridge summary

In October, tomato prices in Brazil surged by 17% due to accelerated inflation and a highway blockade, following three consecutive price deflations. The Extended National Consumer Price Index reported an inflation rate of 0.59% in October. The highway disruption temporarily halted tomato shipments, although prices have not yet returned to their previous levels. High temperatures affecting tomato crops have also contributed to the market shortage.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Tomato prices soared again in October, after inflation picked up again in the country. According to data released by the Brazilian Institute of Geography and Statistics (IBGE), the official index rose after three consecutive deflations. The Extended National Consumer Price Index considered the country's official inflation, which accelerated to 0.59% in October, according to data released last Thursday. Among the items that rose the most in October is tomatoes, up 17% as indicated by the price index. Another factor that contributed to the increase in prices was the stoppage on highways across the country in the last month, the shipment of tomatoes has already normalized in ...

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