MADRID, 11 May. (EUROPA PRESS) –
Brazil’s interannual inflation accelerated by 6.76% during the month of April, a level that is above the target of the Central Bank of Brazil, which stands at 3.75% and has 1, 5 points of tolerance downwards and upwards, according to data released this Tuesday by the Brazilian Institute of Geography and Statistics (Ibge).
The level is still far from the projections of financial institutions analysts consulted by the Central Bank, which estimate that inflation in the South American country will close 2021 with a level of 5.06%, according to its latest weekly report, within the target range. .
However, the National Extended Consumer Price Index advanced 0.31% compared to the previous month, which represents a deceleration of 0.62 points compared to the March rate. In the accumulated period of 2021, inflation stood at 2.37%.
The increase in prices is due to the fact that eight of the nine activities consulted by Ibge registered inflationary increases during April. The greatest impact and the largest month-on-month variation (1.19%) came from the health and personal care sector, followed by food and beverages (0.40%).
For their part, house prices showed the opposite trend, going from 0.81% in March to 0.22% in April. The only decrease in prices observed in April came from the transport sector (-0.08%), after increases of 2.28% and 3.81% in February and March, respectively.
The increase in prices for the health and personal care group was mainly influenced by pharmaceutical products (2.69%) and personal hygiene products (0.99%).
In the food and beverages division, the 0.40% increase in April compared to March (0.13%) is explained by the boost from inflation in food delivered to home (0.47%), which showed a negative variation (-0.17%) in the previous month. At the same time, the largest contribution to the index, with 0.03 percentage points, came from meat products (1.01%), which have accumulated an increase of 35.03% in the last 12 months.
So far this month, the exchange rate between the Brazilian real and the dollar shows an accumulated fall of 3.73%, with a value slightly higher than 5.2 reais for every dollar. In the past week, analysts have lowered their projections for the exchange rate between currencies, from 5.40 to 5.35 reais for every US dollar.
–
