Wednesday, 27 March 2019

Cost of living in Brazil: beans and potatoes

The rice and beans dish is a combination consumed daily by Brazilians. This dish is now more expensive because beans are now more expensive.

According to the Broad Consumer Price Index (Índice Nacional de Preços ao Consumidor Amplo 15 - IPCA-15), the price of this basic item, which had already registered a 34.56% increase in February, rose 41.44% in March.

This was one of the reasons for the IPCA-E, which is the IPCA-15 accumulated quarterly, to be 1.18%, above the rate of 0.87% registered in the same period of 2018.

Another item that also had a price increase was the potato. The kilo of this product rose 12.39% in February and 25.59% in March.

As a result, previous official inflation in March (IPCA-15) showed a 0.54% increase in prices in relation to the previous month

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