The Supermarket Price Index, developed by APAS and Fipe, presents 4.16% growth for the last 12 months
In August 2018, the Supermarket Price Index (SPI), calculated by APAS/FIPE, had little increase, making the year-to-date percentage to reach around 3%. During 12 months, the index reached 4.16%, with a projection of 4% maximum and 3% minimum, which includes the next four months prior to the end of the year.
In the month of August, there was an increase in 15 out of 27 monitored categories. While in the first semester beans were one of the responsible for the inflation, now its price drop of 2.7% counterbalances the price increase in fresh meat products, which grew 1.78% in July and 2.09% in August.
The highlights were rump steak (2.1%), striploin (3.3%) and chuck (4.11%). Pork cuts increased 3.6% and 0.8% in the same months, while poultry rose 3.5% this month. Between January and June 2019, however, inflation in supermarkets has registered a 2.71% increase, according to the SPI.
The entity’s minimum inflation estimated for 2019 is 3%, and the maximum is 4%. Between January and July, the item with the highest price increase was onions, with 61%; followed by carrots with 54%, and arracacha with 53%.
Considering only July, inflation reached 0.22% increase, with two items standing out: pork cuts (3.6%) and pork ham (7.8%). On the other hand, there was deflation in the prices of beans and vegetables, with the former’s price dropping for the fourth consecutive month, reducing 8.7%.