The National Consumer Price Index (IPCA) in Brazil registered a deflation of 0.23 percent in June, according to the IBGE (Brazilian Statistics Bureau). This is the first negative result registered in eleven years and the lowest for the month since the beginning of the Real Plan economic plan, in 1994.

Brazil,Retailers promoted sales due to lower purchasing power by consumers, driving food prices down in June
Retailers promoted sales due to lower purchasing power by consumers, driving food prices down in June, photo by OS2Warp/Wikimedia Creative Commons.
“The three most important groups for the domestic household budget have fallen, affecting the main expenses of the population: food, housing and transportation,” said IBGE price index coordinator, Eulina Nunes, noting the decline in electricity and transportation tariffs as well as food.

Published in Economy
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