Dec 10, 2011

Brazil: Food Inflation

In November, food inflation reached 1.08%, and accumulated 7.2% over 12 months, higher than the inflation index, which is 6.64% over the past 12 months.

Analysis: Although the food component was still above the rate of inflation, he is on the decline, as we see in the chart below, mainly due to the behavior of commodities prices (click here). The fall in commodity prices is giving its contribution to the fall in domestic prices.

Source: IBGE

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