Raw material prices, which affect inflation, fell by 3.04% in November. In October, there was a decline of 0.26%, according to the Brazilian Commodity Index (IC-Br).
In the 12 months ending in November, the index fell by 7.37%, as released on Wednesday (3) by the Central Bank (BC). In 2025, the decrease is 13.22%.
The IC-Br is built on the basis of agricultural, mineral and energy commodity prices converted to rials. In dollars, the variance was negative at 2.22% in November. Looking at the trailing 12 months, there was an increase of 0.69%. When calculating the cumulative result for the year 2025, the decrease was 0.88%.
Among the three subgroups that make up the IC-Br, agricultural commodities (beef, pork, cotton, soybean oil, wheat, sugar, corn, rice, coffee, orange juice and cocoa) showed a decline of 5.43% in November, a decline of 11.30% in 12 months and a decline of 18.11% in the year.
Prices of mineral commodities (aluminium, iron ore, copper, tin, zinc, lead, nickel, gold, and silver) rose by 1.29% last month, closing the 12-month period with an increase of 13.28%, and recording an increase of 9.27% during the year.
Energy commodities (Brent oil, natural gas and coal) in turn rose by 2.51% in November. In 12 months, there was a decrease of 11.82%. Looking at last year, the decline was 14.78%.
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