Financial market is predicting the inflation rate to be 6.52% in Brazil this year. Previous estimate was 6.69%.
Author: Agência Brasil
The 0.18% inflation rate is the lowest for the month in 18 years. Year-over-year, the consumer price index IPCA stands at 6.99%.
Out of 14 states and regions surveyed by the Brazilian Institute of Geography and Statistics (IBGE), only three saw output go up in October.
The Gross Fixed Capital Formation index slid by 2.6% in October from September. Capital goods and civil construction consumption indicators went down as well.
Forecast made by the National Supply Company signals a surge in the 2016/2017 crop to 213.1 million tons. The expansion of the planted area of soy is a strong reason behind it.
An index that tracks the prices in Brazil of internationally traded primary products increased in November from October.
Following its approval in a Brazilian Chamber of Deputies plenary session, the bill will be voted in the Senate. It will replace the Statute of Foreigners in setting forth immigrant rights and duties.
The estimate is from the Brazilian Federation of Agriculture and Livestock. This year will see growth of up to 3%.
The company’s refineries are now charging 8.1% more for gas and 9.5% more for diesel. The price raise was to align it with the increase in oil international prices.
The Focus Bulletin, survey conducted by the Brazilian Central Bank, shows the inflation projection for this year from responding banks dropped for the fourth straight week.
The president of the Brazilian Exports and Investment Promotion Agency, Roberto Jaguaribe, said Brazil needs to show other countries that its agriculture is sustainable.
The National Federation of Industry reported a drop in October from September. Year-on-year in October, revenue plummeted by 18%.
The money will go into the carmaker’s Porto Feliz, São Paulo unit, where engines for its Etios models are made. The facility will also start making Corolla engines.
Price increase in October was 0.1%, below the 0.47% registered in September, and the 1.77% registered in October of last year. The data is from the Brazilian Institute of Geography and Statistics (IBGE).
