Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News
All NewsCompaniesIndexesCurrency / ForexCommoditiesCryptocurrenciesETFInterest RatesEconomyThemesSectors 

Transport, food drive Brazil's November inflation rise of 0.41%

12/09/2022 | 07:37am EST
Consumers shop at a weekly street market in Rio de Janeiro

SAO PAULO (Reuters) - Brazil's consumer prices as measured by the benchmark IPCA index rose 0.41% in November, below market forecasts of 0.53%, government statistics agency IBGE said on Friday.

Prices rose 5.90% in the 12 months through November, down from an increase of 6.47% in the previous month. Economists polled by Reuters expected a 6.01% rise.

Transportation and food and beverage costs were the main driving group of products behind the rise, contributing around 71% of the November IPCA.

The increase in transport was mainly linked to the rise in fuel prices (3.29%), which had fallen by 1.27% in October. The prices of ethanol, gasoline and diesel rose in November, IBGE said.

"This (increase) occurred due to an off-season period for sugarcane production as gasoline contains anhydrous alcohol in its composition," said IBGE's research manager, Pedro Kislanov.

(Reporting by Steven Grattan; Editing by Raissa Kasolowsky)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AC (AC) - CBR (FLOOR)/C1 0.83% 1.09 End-of-day quote.-20.73%
EURO / BRAZILIAN REAL (EUR/BRL) 0.92% 5.5385 Delayed Quote.-3.17%
Latest news "Economy"
01:21pRepublicans criticize Biden for waiting to shoot down Chinese balloon
RE
01:13pItaly sounds alarm on large-scale computer hacking attack
RE
01:08pStrikes against pension reforms to disrupt French rail and air traffic on Tuesday
RE
01:05pJapan govt has sounded out Amamiya about becoming BOJ governor -Nikkei
RE
01:01pThousands of Danes protest cancelling of public holiday
RE
12:41pU.S. Senator Booker sees delicate path forward for police reform
RE
12:23pJapan govt has sounded out Amamiya about becoming BOJ governor -Nikkei
RE
12:23pNext boj chief will be tasked with putting central bank on path…
RE
12:20pFour dead, at least 39 rescued after migrant boat sinks off Greece
RE
12:18pJapanese govt intends to present nominees for next boj governor…
RE
Latest news "Economy"