Brasília – The Brazil Commodities Index (IC-Br), calculated by the Brazilian Central Bank, was up 5.34% in June from May this year. In the 12-month period ended June, the index was up 6.93%.
The IC-Br is calculated based on the variation, in Brazilian currency, of the prices of Brazilian staple products traded abroad (commodities). The Central Bank keeps track of the products which are relevant to consumer price dynamics in Brazil.
In June, agricultural commodities (beef and pork, cotton, soy oil, wheat, sugar, maize, coffee and rice) posted the highest increase: 5.73%, followed by energy commodities (oil, natural gas and coal), up 4.4%. Metals (aluminium, iron ore, copper, tin, zinc, lead and nickel) were up 4.3%.
In June, the International Commodity Price Index (CRB), calculated by the Commodity Research Bureau, was up by a lower rate (6.66%) than the IC-Br. In the 12-month period ended June, the international index was up 5.9%
*Translated by Gabriel Pomerancblum
