While inflation ithe U.S. remains at tepid rate and the fed does not know if it is deflation or inflation it needs to fight, or create, inflation in other countries such as in Asia and Brazil are jumping as food and oil rise.
Brazil's inflation, as measured by the National Consumer Price Index (IPCA), jumped to 0.83% in January (that's for asingle month!), compared with 0.63% in December. This represented the highest rate since April 2005 when the index rose by 0.87%.
Over the past 12 months through January, the IPCA index is up 5.99%.
Food and Beverage Transport and were responsible for the greatest pressure on the IPCA in January (0.83%), according to the IBGE (Brazilian Stats Institute) said. Both groups - the Food and Beverage and Transport - contribution amounted to 0.56 percentage point in the index, which equals 67% of the IPCA in January. The group of Food and Beverage 0.27 percentage point and accounted for Transport, 0.29 percentage point.
We track all Brazilian ETFs live here.
Tuesday, February 8, 2011
The U.S. Exports Food and Oil Inflation: Inflation Rate Jumps in Brazil
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2011
(510)
-
▼
February
(32)
- The Last "Great" U.S. GDP Is Now Revised Down From...
- Profitting From Oil Rising Further or Dropping: Vo...
- VISA: Your Current Debt Will Take 109 Years to Be ...
- Gold Analysis Now: Sell or Go Short; Gold in Tradi...
- BAC Shares Take Beating: New $20B Writedown, Now O...
- Tensions in Mideast: Using GLD and Yamana Gold, an...
- Home Prices in U.S. Drop To 2009's Lows, 6 Straigh...
- Spain's Banks Have 100B Euros in Problem Assets
- Roubini: G20 in Disarray, There is No Global Leade...
- G20 Currency Wars are Back: Brazil to Veto Propose...
- Mega Stock Exchanges: Brazil and China's Stock Exc...
- EU: Portugal Now Seen as Requiring a Bailout By April
- Food Prices Skyrocket And Why and How You Should I...
- Canadian's Debt Soars, Hits 150% of Income, Now Ma...
- Gold Soars as China Buys Record Gold: To Overtake ...
- Geithner: U.S. Needs To Massively Cut Corporate Ta...
- Apple's Arrogance Reaches New Levels: Subscription...
- Gold is Lifting Off This Morning
- U.K.'s Inflation Jumps to 4.0%: Twice the Target
- Forget Bernanke: MIT Says Online Inflation Jumps i...
- U.S. Interests Paid on Its Debt to Triple, to $554B
- China Invades Africa; 10X Investments in 10 Years,...
- Egypt Volatility: Opportunity in Oil ETFs; The Top...
- Oil: Petrobras Hits New Record Gasoline Production
- Irish Banks To Require Yet Another 50B Euros in Ne...
- Natural Gas: Huge Drop in Storage But Contango Rul...
- The Silly Latest Unemployment Figures: Initial Cla...
- The U.S. Exports Food and Oil Inflation: Inflation...
- Inflation Rises Again, China Raises Interest Rates...
- Geithner: Brazilian Real Overvalued Because Of Chi...
- KRY: Crystallex's Sad Story Finally Ends. Caput
- Riding the Egyptian Stock Roller Coaster: EGPT ETF...
-
▼
February
(32)
No comments:
Post a Comment