Trade war jeopardizes the prospect of a food slowdown

Tomatoes were the main villain of March inflation, with an increase of 22.55% in price, a contribution of 0.05 percentage points to inflation measured by the Broad National Consumer Price Index (IPCA), determined by the Brazilian Institute of Geography and Statistics (IBGE). The Food and Beverage group went from an increase of 0.70% in February to an increase of 1.17% in March, the seventh consecutive increase. The group contributed 0.25 percent…

The price of food continues to put pressure on inflation, it was 1.17% in March, and when looking at the household food figure, it was 1.31%. Tomatoes, eggs, coffee, and meat continued to weigh on food inflation. The perspective was that from now on, some products would have their prices reduced, given the prospect of a super harvest. But economists are no longer very excited about the slowdown in food inflation as a result of the escalating glo…