Brasília – The prices of commodities (staples traded internationally) increased by 5.02%, in October from September. In the 12-month period ended October, the Brazil Commodities Index (IC-Br), measured on a monthly basis by the Brazilian Central Bank, was up 9.14%. The Central Bank’s IC-Br calculation is based on the variation, denominated in Brazilian reals, of the prices of internationally traded staples relevant to domestic consumer price dynamics.
Last month, agricultural products (beef, cotton, soy oil, wheat, sugar, maize, coffee, rice and pork) accounted for a 7.69% hike in price. Energy commodities (oil, natural gas and charcoal) were down 3.94%, while metals (aluminium, iron ore, copper, tin, zinc, lead and nickel) were up 2.06%.
*Translated by Gabriel Pomerancblum
