The prices of goods and services in Brazil saw a modest increase last month, as the country’s inflation rate edged up. The National Consumer Price Index (IPCA), which measures these price changes, rose by 0.12% in July, a bit higher than the previous month’s decrease of -0.08%. But what does this mean for you and your wallet?
Here’s a breakdown of the key points:
- Slow but Steady: Inflation in Brazil has been moving at a slow pace, with prices ticking up by a small amount. Over the last year, prices have gone up by 3.99%, which is a bit higher than the 3.16% increase we saw in the previous year.
- Gas Prices Play a Role: One of the factors driving this increase is the rise in gasoline prices, which went up by about 4.75%. That might not sound like a lot, but it contributed to the overall increase in prices.
- What Went Up and Down: Some things got more expensive, like transportation, which saw a 1.50% increase. On the other hand, the cost of housing went down by about -1.01%. Food prices also saw a slight decrease of -0.46%, thanks in part to lower prices for items like beans, cooking oil, and chicken.
- Eating Out and Going Places: The cost of eating out increased a little (0.21%), but not as much as it did in the previous month. And if you’ve been planning a road trip, keep in mind that toll fees also went up by around 2.44%.
- What About Your Pocket: How does this impact you? Well, if you’ve noticed that some things you buy regularly, like groceries and gas, are costing a bit more, that’s because of this inflation. It’s essential to keep an eye on these changes to make sure your budget still works for you.
- Region Matters: Different parts of the country saw different changes in prices. Some areas, like Porto Alegre, saw a bit more increase in prices, while others, like Belo Horizonte, saw a decrease.
The bottom line is that inflation is a natural part of the economy, and these small changes in prices can add up over time. While the increase might not be huge, it’s always good to be aware of how it might affect your everyday expenses. It’s a good idea to keep an eye on your budget and make adjustments if needed to make sure you’re still making the most of your money.
https://agenciadenoticias.ibge.gov.br/agencia-sala-de-imprensa/37625-ipca-foi-de-0-12-em-julho.html