Basic Food Basket Costs Fall in 24 of 27 Brazilian Capitals in November

Overview

• Conab and Dieese report the steepest monthly drops in Macapá (-5.28%), Porto Alegre (-4.10%), Maceió (-3.51%), Natal (-3.40%) and Palmas (-3.28%), with increases in Rio Branco (+0.77%), Campo Grande (+0.29%) and Belém (+0.28%).
• Average basket prices ranged from R$538.10 in Aracaju to R$842.26 in São Paulo, where the basket equates to 59.91% of a net minimum wage and 121h55m of work versus 38.32% and 77h59m in Aracaju.
• Staples that eased most include tomatoes (cheaper in 26 capitals, down 27.39% in Porto Alegre), rice, sugar, milk and coffee, reflecting greater supply and lower international sugar prices.
• In Rio de Janeiro, the basket cost R$783.96 in November, the fifth highest among capitals, while Salvador logged a fourth straight monthly decline in local monitoring.
• The national picture is consistent with IBGE data showing home-food inflation down 0.2% in November, marking a sixth consecutive monthly decline.