China News Agency, Sao Paulo, November 6 (Reporter Mo Chengxiong) According to data released by the Brazilian National Geographic and Statistics Agency (IBGE) on the 6th local time, Brazil’s inflation rate in October this year was 0.86%, higher than the previous month’s 0.64% and The 0.1% in the same period last year was a new high since 2002.
Data show that in October, the price of food and beverages in Brazil rose by 1.93%, which promoted a general increase in the prices of other commodities.
Among them, the price of rice rose by 13.36%, the price of edible oil rose by 17.44%, and the price of meat rose by 4.25%.
The prices of tomatoes and potatoes also rose 18.69% and 17.01% respectively.
Due to a 0.85% increase in gasoline prices, Brazil’s transportation prices rose 1.19% that month.
Air ticket prices increased the most, reaching 39.83%.
In addition, housing, communications, clothing, education, personal expenses and household items have also increased to varying degrees.
Data show that in the first 10 months of this year, Brazil’s cumulative inflation rate was 2.22%.
In the past 12 months, Brazil’s inflation rate has accumulated to 3.92%, which is lower than the median inflation rate control target of 4% set by the Brazilian government this year.
From the perspective of major cities, Camp Grande has the highest inflation rate in the past 12 months, reaching 6.42%.
Next is Belém, with an inflation rate of 5.37%.
The third is St. Louis, with an inflation rate of 5.02%.
Brazil’s largest city, Sao Paulo, Rio de Janeiro, the second largest city, and Brasilia, the capital, have inflation rates of 3.89%, 3.12% and 3.95%, respectively.
According to the latest forecasts from the Brazilian financial market, Brazil’s inflation expectations for this year and next are 3.02% and 3.11%, which are both lower than the median government control target.
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