By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Brazil’s IPCA (Consumer Price Index) rose by 0.57 percent in September according to the IBGE (Brazilian Statistics Bureau) after registering an increase of 0.25 percent in August. In September of 2013 the IPCA rate was at 0.35 percent.
According to Eulina Nunes dos Santos, coordinator of the price index at the IBGE, the hike in meat prices was the main factor for the increase in the IPCA. The 3.17 percent increase was the highest monthly price increase for the meat segment since October of 2013 . . .