In an interview with CNN this Friday (8), the economist and professor at FGV Gesner Oliveira commented on the numbers of the IPCA (Broad Consumer Price Index) – which measures the country’s official inflation – released this Friday by the IBGE (Brazilian Institute of Geography and Statistics) this Friday.
According to Oliveira, when the price increase affects food, the situation becomes more serious.
“When inflation hits a lot, food is relatively more serious, stronger, hurts more those with low income, for whom food weighs more”, he evaluated.
For the economist, the worst of the index is over, since there was no “rate explosion”.
“The worst happened in the sense that there was no explosion in rates and the projections for this year are lower than what was inflation in 2021. In this sense, there was an improvement, the problem is that the level of inflation is still high”, stated.
According to the IBGE, the index was 0.67% in June, after a variation of 0.47% registered in the previous month. In the year, the accumulated inflation is 5.49% and, in the last 12 months, 11.89%, informed the institute.
The increase was mainly influenced by the increase of 0.8% in the food and beverage group, which has great weight in the general index (21.26%).
See more in the video above.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
