The mid-month inflation index IPCA-15 — known as a reliable predictor of official inflation — started 2022 at 0.58 percent, slowing down from December (0.78 percent) but still above market expectations. Analysts polled by Bloomberg expected a more modest 0.44-percent rise for the 30-day period.
This week’s figures keep the 12-month inflation according to the IPCA-15 in the double digits, at 10.2 percent.
Of the nine groups of products and services surveyed by the government, prices of food and beverages had the greatest impact on the index, with a 0.97-percent bump and a 0.2 percentage point effect on January’s IPCA-15 result. Transport, meanwhile, saw deflation, dropping 0.41 percent compared to December. This was due to a drop in the price of gasoline (-1.78 percent) and airfares (-18.21 percent).
In 2000, Formula 1 great Michael Schumacher had just racked up his 41st race win,…
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…
“This is f***ing corruption, it has to change,” protested an irate John Textor, owner of…
Eduardo Leite, governor of the southern Brazilian state of Rio Grande do Sul, on Wednesday…
Moody’s is the latest rating agency to improve its assessment of Brazil, bumping up the…
Other finalists include the Harvard Business Review, Fortune, Condé Nast, and the NFL