Brazilian state-owned company announced a 3% reduction in diesel and gas prices, but the change might take a while to reach the consumer.
Author: Agência Brasil
The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
The Extended National Consumer Price Index (IPCA) changed by 4.31%, above the Central Bank’s goal of 4.25%, but within its tolerance margin.
Decline occurred in November from October 2019 and broke a series of three months of growth, IBGE reported.
The country produced 241.5 million tonnes of cereal last year, up 6.6% from 2018. In 2020, the crop is expected to reach a new historic level.
Financial institutions polled by the Central Bank of Brazil estimate that the National Extended Consumer Price Index stood at 4.13% last year. The official index will be made public next Friday.
Brazilian president said that, although prices are high, they tend to remain stable, despite the US strike in Iraq last Friday.
Brazilian president said that the bombing in Baghdad, Iraq that killed Iranian military leader, will impact prices in Brazil but ruled out tabulation.
Value apportioned in the budged to be invested is USD 5.5 billion, the lowest one since 2004.
Public accounts deficit is lower than a year ago but higher than last November.
Financial institutions estimate that the Brazilian economy will end 2019 with a growth of 1.17%. Projection is slightly better than last week’s.
Although they went up in December, indices that track confidence from trade and service sector players remain at low levels.
Visitors will land from 14 ships via Píer Mauá in the Christmas week to attend the city’s New Year’s Eve festivities.
Oil production in the country went past the 3-million-barrel mark for the first time at 3.09 million barrels per day in November.
