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Brazil commodity index rises 11.28% in October and 52.3% this year – Central Bank

RIO DE JANEIRO, BRAZIL – According to the Brazil Commodities Index (IC-Br), the raw materials’ price that influences inflation rose 11.28% in October, after a positive variation of 2.33% in September.

In the year, the indicator has accumulated a high of 52.31%. In 12 months, in turn, growth of 50.42% was recorded, according to the disclosure of the Central Bank (BC) held on Thursday (04).

The IC-Br is based on the prices of agricultural, metal, and energy commodities converted into Brazilian reais. Its international equivalent, the Commodity Research Bureau (CRB), showed a positive variation of 6.96% in October and a high of 39.37% year-to-date. In 12 months, it was up 35.51%.

Brazilian commodity index rises 11.28% in October. (Photo internet reproduction)
Brazilian commodity index rises 11.28% in October. (Photo internet reproduction)

Among the three subgroups comprising the IC-Br, agricultural commodities (beef, pork, cotton, soybean oil, wheat, sugar, corn, rice, coffee, orange juice, and cocoa) rose 8.33% last month. In the year, there was a growth of 38.34%. In 12 months, the high was 35.10%.

The price of metallic commodities (aluminum, iron ore, copper, tin, zinc, lead, nickel, gold, and silver) rose 10.89% last month, growing 46.80% in the year and 48.58% in 12 months.

Finally, energy commodities (Brent oil, natural gas, and coal) rose 19.98% in the month, up 113.25% in the year and 112.46% in 12 months.

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