The ‘IPCA’ organisation (Brazil’s National Consumer Price Index) has now published its inflation measurement for last year, 2013. According to the survey, overall price increases for the year ended up at an average of 5.91%. This was of course only slightly higher than the previous year when the figure stood at 5.84%.
The recent report also emphasised ( but of course not exclusively) the individual inflation total for food in Brazil, a pretty basic item. Food and drink increased by a general 8.48% on average, with food consumed outside the home in cafes and restaurants a point and a half higher.
Brazil Inflation Holding Steady