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02/08/2017 - 14:24hs

Commodity prices down 0.58%

A Brazilian Central Bank survey shows costs declining in July from June. In the 12 months through July, prices increased by 0.54% year-on-year.

Brasília – The Brazilian Central Bank’s Brazil Commodities Index (IC-Br) dropped by 0.58% in July from June. The index was up 0.54% in the 12 months through July, and down 4.51% year-to-date through July.

The IC-Br tracks variations in prices of internationally traded Brazilian commodities whose prices are relevant to domestic consumer price dynamics.

Last month, energy commodities (oil, natural gas and coal) were up 0.67%, while metal commodities (aluminum, iron ore, copper, tin, zinc, lead and nickel) were up 1.86%. Agricultural commodities (beef, cotton, soya oil, wheat, sugar, maize, coffee, rice and pork) were down 1.40%.

*Translated by Gabriel Pomerancblum

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