BRASILIA – The prices of commodities (internationally traded staple goods) was down 5.14% in January this year from December 2014.
Over a 12-month period, the Brazil Commodities Index (Índice de Commodities Brasil – IC-Br), measured on a monthly basis by the Brazilian Central Bank, dropped by 1.37%.
The IC-Br keeps track of the fluctuations in prices of products sold internationally that are relevant to consumer price dynamics in Brazil.
Last month, energy commodities (oil, natural gas and charcoal) were down 15.56% and weighed down on prices the most. Metals (aluminum, iron ore, copper, tin, zinc, lead and nickel) were down 4.21%.
Agricultural commodities (beef, cotton, soy oil, wheat, sugar, maize, coffee, rice and pork) were down 3.62%.
The international index calculated by the Commodity Research Bureau (CRB) was down 3.99% in January and up 3.79% in 12 months.
