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Gifts and food increase Christmas inflation, according to FGV survey

Inflation of Christmas items registers high of 5.39% in the last 12 months. The data is the product of a survey by the Brazilian Institute of Economics, of the Getúlio Vargas Foundation (FGV/Ibre), released this Monday (13).

The variation shows that the products varied less than the Consumer Price Index (IPC), of the same institution, according to which the general inflation registered in the period is 9.88%.

Although this year’s rate is two and a half times lower than 2020, the 2021 Christmas inflation rate is higher than the previous three years.

The supper foods were the ones that pushed the indicator the most, with an average variation of 7.93%. Highlight for whole chicken (24.2%), which is at the top of the list of food items that most pressure the pocket, followed by eggs (17.7%), olives (15.1%), beef (14 .7%) and wheat flour (13.7%).

Economist associated with FGV Ibre, Matheus Peçanha highlighted the scenario that led to the rise of products that will make consumers think carefully when choosing what to put in the cart.

“The consequences of the problems in production costs that we have suffered since last year, with droughts, frosts, high fuel and electricity prices are still being felt, especially in terms of proteins. The high exchange rate, favoring meat exports, also contributed to keep prices high. However, it is good to see that the gradual return of the rains has already normalized the dynamics of various prices for foods such as rice, fruits, vegetables and vegetables”, said Peçanha.

The price of rice fell by 8.27%, as well as that of pork ham, which lost 1.27% of its value. Products such as long life milk, onions and fruits rose less, with 0.81%, 1.87% and 2.84%, respectively.

Christmas gifts will also be more expensive than last year. The average price variation of the most sought after products was 3.39%, against 1.39% in the previous year. The major contribution came from clothing items (4.80%), followed by accessories (2.57%), recreation and culture (2.13%) and household appliances and electronics (1.73%).

The items with the highest increase were computers (7.56%), men’s clothing (6%), men’s shoes (5.9%) and costume jewelry (5.4%).

*Under supervision of Stéfano Salles

Reference: CNN Brasil

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