The reflexes resulting from food inflation caused the average price of the dish made to rise 23% over the past 12 months, more than double that collected in the National Index of Price to the Extended Consumer (IPCA) . As a result, the much-consumed steak disappears from the Brazilian worker’s meal. In some cases, the value of the FP doubles with the addition of beef.
Prado Assessoria economist Marcela Kawauti used the price of beef, rice, beans, lettuce and tomato salad, French fries, spices and cooking gas across the country as the basis for charting the price of the country-made dish. be in force. † Herbs such as onions, garlic, salt, frying oil and olive oil and the use of cooking gas are also included in the calculation. The data represents 12-month cumulative inflation through March 2022.
The research results show that although the accumulated inflation in the IPCA is 11.30%, the number indicates how much the average Brazilian consumption basket grew between March 2021 and 2022. “But if we only look at the growth of the typical meal in Brazil, growth rose to 34%, as in Porto Alegre,” explains the economist responsible for the study.
The research shows that the prices of essential goods for Brazilians, such as daily food, have risen well above inflation. “The typical meal has doubled the IPCA. In addition, Brazilians have not been able to increase their salary. It would be like saying that, to eat a typical dish, Brazilians spend 23% more than 12 months ago, without have a higher salary,” he explains.
The research also shows that the price of the dish made varies between capitals. “There are some differences by region, but in all cases the inflation of the typical meal is above average. Porto Alegre registered the largest increase, of 34%; on the other hand, Belém, Par, with an increase of 15 % In So Paulo, the increase was 23%”, evaluates Marcela Kawauti.
The issue is at the root of one of the biggest national debates: fuels, which have risen 33.33% in the past 12 months. According to the IPCA, carrots grew 166.17% over the same period; tomato, 27.22%; onion, 10.55%; and lettuce, 8.87%.
“Inflation since last year has a very perverse component: it was concentrated in food, electricity and transportation. These are things that no one can stop doing and that end up weighing on the pocket of the lowest income earners who have no wiggle room in the budget,” explains from.
The median income of Brazilians was R$2,489 in the quarter ended January 2022, according to data from the Continuous National Household Sample Survey (PNAD Contnua) released by the Brazilian Institute of Geography and Statistics (IBGE). The unemployed population is 12 million people.
The dish sold in restaurants undergoes maneuvers from merchants. There are restaurants per kilo that charge more for the beef on the plate that is made by the customer. As the main cost item for the consumer, the steak ensures that the value of the kilo is multiplied by two in Belo Horizonte, in Minas Gerais.
Faced with unaffordable prices, there are instances of traders controlling how much meat each customer can get on the plate. “If the product is not of good quality, the owner cannot sell and there are many complaints,” notes economist Feliciano Abreu of the Mercado Mineiro website, which conducts a weekly price survey in BH and the metropolitan region.
The latest survey by Mercado Mineiro and the comOferta application, presented on April 4, showed that the PF sold between R$15.99 and R$48, a variable of 336%. The combined meal saw a price increase of 1.6% in March.
The large marmitex showed a variation of 324% between February and March of this year and its selling values ranged between R$10.99 and R$46.70. A 3% increase in lunch box in 30 days. In the small box, the variation was 91%, with prices around R$12.99 for the cheapest product and R$23.99 for the most expensive.
When asked about the price charged for a dish made, restaurant owners point to meat as the most important item in consumer costs. In the case of ox, the value of the kilogram multiplied by two. “The worst thing is that you can’t isolate the problem. Everything has gone up! Removing the meat is just a palliative, because it is more expensive compared to the other ingredients,” concludes Marcela Kawauti.
The trend is that prices will not fall in the coming years. “The Central Bank (BC) is willing to raise interest rates more than expected if inflation is higher or more persistent than expected,” agency president Roberto Campos Neto said last week.
During a trip to the United States, he reiterated that the Monetary Policy Committee (Copom) should raise the Selic (key interest rates for the economy) to 12.75% a year at its next meeting in May, but hinted that additional adjustments are made. “The Copom assesses that moment requires serenity to assess the magnitude and duration of current shocks,” he says.
“De Copom assesses that the moment requires serenity to assess the magnitude and duration of current shocks. [O comit] persist in its strategy until the process of disinflation and the anchoring of expectations around its objectives are consolidated,” said Campos Neto in a presentation to investors.
And the high prices do not stop in the consumer’s wallet. The 25% reduction in the rate of the tax on industrialized products (IPI), 18.5% in the case of vehicles, which has been in effect since February 25, has not reached consumers, indicate inflation indicators.
The IPCA, the government’s official inflation index, shows that durable goods, such as household appliances (refrigerators, washing machines, fireplaces), which started paying less tax with the IPI cut, slowed down the adjustment, but over the course of time time kept increasing. prices in both past months.
(with State of Mines)