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07/03/2018 - 15:54hs

Commodity prices climbed 0.33%

The cost of internationally traded staples increased in February from January and in the 12 months through February.

Brasília – Commodity prices went up in Brazil last February. The Brazilian Central Bank’s monthly Brazil Commodities Index (IC-Br) climbed 0.33% from January, 7.63% in the 12 months through February and 1.25% in January and February.

The IC-Br tracks variations in in Brazilian currency-denominated prices of internationally traded staple goods, which are relevant to domestic price dynamics.

The only category whose prices dropped in February, by 5.35%, was energy commodities (oil, natural gas and coal). Prices of metal commodities (aluminum, iron ore, copper, tin, zinc, lead, nickel, gold and silver) went up 2.13%. The cost of agricultural commodities (beef, cotton, soya oil, wheat, sugar, maize, coffee, rice, pork, cocoa and orange juice) climbed 1.72%.

*Translated by Gabriel Pomerancblum

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