Inflation in March was primarily propelled by the food and beverages expenditure group, which witnessed a 0.53 percent increase in prices during the month.
Usually, food prices increase during the summer months due to climatic factors that impact production, particularly for fresh foods like tubers, vegetables, and fruits.
Of the nine groups of products and services surveyed by IBGE, six saw an increase in prices. Chief among them was food and beverages, which rose by 0.63 percent—more than double the figure for October (0.31%).
The most significant pressures on prices were observed in the transportation and food and beverage sectors, according to the government´s statistic agency IBGE.
The rate is up from 0.12% in the previous month and is also higher than that recorded in August last year, when 0.36% deflation was observed. The main impact on the rate for the month stemmed from housing.
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