Brazil - Brazzil Mag - Low Inflation Seems to Have Days Counted in Brazil
Advertisement
  Wednesday, 02 December 2009 
Main Menu
Home
News
Back Issues
Advertising
Contact Us
Brazil Forum
Magazine
Brazzil Classic
Yellow Pages
Classifieds
Images
BrazzilMag Newsfeed
Custom Search
Amazon Body Care
-------------
Brazil /Organic personal skin care wholesale / Brazil
--------------
Who's Online
We have 137 guests online
Latest News
Statistics
Members: 494
News: 11494
Web Links: 0
User Menu
Your Details
Submit News
Check-In My Items
My Comments
Login Form





Lost Password?
No account yet? Register
Most Read
Related Items
Contribution
Have you got news?

Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com.

 
The Latest from Brazzil Magazine
Home
Low Inflation Seems to Have Days Counted in Brazil PDF Print E-mail
Written by Newsroom   
Saturday, 06 September 2008

Brazilian supermarket Brazil's consumer prices index in August increased at its slowest pace in 11 months, 0.28% following on a significant drop in food prices according to the latest release from the IBGE (Brazilian Institute of Geography and Statistics).

Retail inflation in July was 0.53% and in August 2007, 0.47%. Annual inflation slowed to 6.17% from a three-year high of 6.37%.

According to IBGE the Food and beverage item was crucial for the slowing of inflation from July to August, having dropped 0.18% in August after increasing 1.05% in July.

In the first eight months of the year the index has reached 4,48% well above the 2,8% of the same period the previous year. The Central Bank target for 2008 is 4.5% with plus/minus two percentage point tolerance.

The Brazilian Central bank has toughened its monetary policy to help contain inflationary pressures, and the current basic rate stands at 13%.

According to market analysts the Central Bank is expected to further increase the basic Selic rate when the monetary council meets next September 10, most probably 0.75 percentage points to 13.75%.

Goldman Sachs is forecasting in increase in inflation in the last quarter of 2008. According to the international investment management firm, "the consumer inflation decline should have short life".

The Goldman Sachs people note that since July food prices have been responsible for moderating inflation, but they believe that starting in August, the IPCA will start advancing again and will reach about 7% by the end of the year. As they see it, among the factors driving prices up there will be a strong growth in domestic demand.

Mercopress/Bzz

Hits: 2505
Comments (6)Add Comment
Low Inflation Seems to Have Days Counted in Brazil
written by João da Silva, September 07, 2008
Goldman Sachs is forecasting in increase in inflation in the last quarter of 2008. According to the international investment management firm, "the consumer inflation decline should have short life".


I am glad that Goldman Sachs finally agreed with me. smilies/grin.gif

Hang on till the results of our Municipal elections come out. And then ya all will agree with the statement I keep on making: "It is all Politics, JUNKIES" smilies/smiley.gif smilies/wink.gif smilies/cheesy.gif
report abuse
vote down
vote up
Votes: +0
Sorry Joao !
written by ch.c., September 08, 2008
But the Brazilian politics has nothing to do with the world prices of....
- grains
- metals
- oil & gas
- wages

If you will get it right it will simply be....PURE COINCIDENCE !!!!!!!

Or are you saying Brazil Municipal elections influences the inflation rate in USA, EU, China, India, Russia, Argentina, South Africa, Australia, etc etc PLUS the world prices in commodities stated above.

Hmmmmm !

smilies/cheesy.gif smilies/grin.gif
report abuse
vote down
vote up
Votes: +0
Joao......
written by ch.c., September 08, 2008
this said I agree with you, but for other reasons !
Just remember what I said too, weeks ago !
since then I was right to the nose.....on the Brl currency : DOWN and the Us$ : UP 10 % or so
report abuse
vote down
vote up
Votes: +0
Ch.c
written by João da Silva, September 08, 2008
Sorry Joao !


No problem Ch.c, I was sarcastic as I live in Brazil and know how the prices come down during an electoral season.For example, during the previous two months before the 2006 general elections, the price of the gasoline came DOWN drastically (20-25% reduction). 2 days after the elections it went UP again to its normal price! The same thing is happening now regarding the food items, in spite of their prices started going up gradually since the beginning of last year and took a sharp upward turn from the second trimester of this year. The newspapers and the government started talking about the higher inflation caused by the food prices. The government, as you know, increased the value of the "Bolsa Familia" at that time.

As you have said many times our small farmers are screwed and the big ones get subsidized loans to keep the prices down "temporarily"

Or are you saying Brazil Municipal elections influences the inflation rate in USA, EU, China, India, Russia, Argentina, South Africa, Australia, etc etc PLUS the world prices in commodities stated above.


I never would say it, Ch.c. You know that. I am talking about Brazilian inflation rate and the bullshit explanations we are being fed with by the "Rulers". smilies/cheesy.gif
report abuse
vote down
vote up
Votes: +0
Somewhat true and wrong Joao !
written by CH.C.., September 08, 2008
"The same thing is happening now regarding the food items, in spite of their prices started going up gradually since the beginning of last year and took a sharp upward turn from the second trimester of this year"

You are still right...on a year over year basis, but OIL is down sharply from its peak, so are corn down 35 % from its peak,
wheat down 50 %, soyabeans 25 % and most metals down 25 to 40 %.

On Brazilian energy at the pump. dont forget that Petrobras got an increase for the first time since....2005. Meaning part of your past inflation was manipulated by your cheaters !

This said, the above goods mentionned are only part of the overall inflation.
NOW over the next 12 months or so, what has to be seen yet is the pressure for HIGHER WAGES !!!!!
And this is also as true for all countries, including the USA & EUROPE !
The ones that will contain the wages pressure should do fine in inflation.
On top of that there is/will be pressure to LOWER interests rates. Those who will succumb the most will have their currencies...PLUMMET !


And guess what tend to do populists governments !
smilies/cheesy.gif smilies/grin.gif
report abuse
vote down
vote up
Votes: +0
Ch.c
written by João da Silva, September 08, 2008
The ones that will contain the wages pressure should do fine in inflation.
On top of that there is/will be pressure to LOWER interests rates. Those who will succumb the most will have their currencies...PLUMMET !


And guess what tend to do populists governments !


Actually, we are on the same frequency except that you are more articulate smilies/angry.gif

btw, do you have a web site where we can contact directly?
report abuse
vote down
vote up
Votes: +0

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy




Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Add this social bookmarking functionality to your website! title=
 
< Prev   Next >
Brazzil Magazine on Twitter


Visit Brazzil Social with Video, Music and Chat


Home
Brazzil Magazine - Since 1989 trying to understand Brazil
  • Brazil Engaged in Another Olympics: Reshaping Its Image Before Games Open


    Economist's cover on BrazilBrazil received a huge boost in its international image with its selection as the host of the 2016 Olympics, but it was really just the cherry on top of the overall recognition of the country's ascension to the ranks of one of the world's most important countries. Now, as it finally takes its place on the world scene, there has been a great deal of concern about what kind of image Brazil hopes to project, now that the world is really paying attention.

  • Iranian Leader's Visit to Brazil Takes the Gloss off Lula's International Image


    Ahmadinejad meets LulaThe only good thing to say about the visit to Brazil of Iran's president, Mahmoud Ahmadinejad, on Monday November 23, is that it was mercifully short and lasted less than 24 hours. Ahmadinejad had his picture taken being hugged by president Luiz Inácio Lula da Silva who gave him a warm welcome and said Iran had every right to develop nuclear energy for peaceful purposes.

  • Poor Women from Northeast Brazil Learn Joy of Meeting and Helping Each Other


    Joined hands The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area.

  • Ahmadinejad's Visit: Iran, Honduras and Brazil's Hypocrisy in Dealing With Them


    Ahmadinejad and Lula The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy.

  • Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur


    Lula and Chavez On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil.

  • Denying Education is the Other AIDS. And Brazil Is Guilty of Inflicting It


    Children from a Diadema band Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms.

  • Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many


    Child labor in Brazil One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis.

  • Some Humility Would Do Lula Good. On Human Rights Brazil Has Long Way to Go


    A prison in Rio de Janeiro, Brazil On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking.

  • Brazil's Amazon Rainforest Policy Is a One-Way Road to Disaster


    Trasamazonian road in BrazilDepletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse.

  • Geisy, Brazil's Miniskirt Student, Should Try US College Next Year


    Geisy Arruda from BrazilGeisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose.