Brasília – The prices of commodities, i.e. globally traded staples, were down 1.96% in May from April. The information has been taken from the Brazil Commodities Index (IC-Br), compiled monthly by the Central Bank. In the 12-month period ended May, the index was up 14.07%.
The IC-Br is calculated based on the variation, in Brazilian currency (real), of the prices of staple foods produced in Brazil and sold abroad. The Central Bank monitors the pricing of products relevant to consumer price dynamics in the country.
Last month, the prices of agricultural products (beef, cotton, soy oil, wheat, sugar, maize, coffee, rice and pork) were down 2.51%. The prices of energy commodities (oil, natural gas and charcoal) were up 0.48%, and metals’ prices (aluminium, iron ore, copper, tin, zinc, lead and nickel) were down 1.77%.
Whereas the IC-Br declined, the CRB Price Index, calculated by the Commodity Research Bureau, was up 0.14% in May. In the 12-month period ended May, the index was up 15.16%.
*Translated by Gabriel Pomerancblum
