Most products consumed during Brazilian Carnival rise above inflation
Brazilian carnival revelers may have a hard time partying this year. A survey conducted by FGV’s Brazilian Institute of Economics (IBRE) shows that the prices of most consumed products during the Carnival festivities rose above inflation rates recorded in the last 12 months. Prices rose 5.25%, compared to a Consumer Price Index (CPI) of 5.04%.
Consumers traveling during the holiday will have to dig deeper into their pockets. The air ticket item showed the highest increase in the period, up 15.23%. In contrast, the increase in intermunicipal bus fares (up 4.87%), gasoline (0.42%) and natural gas for vehicles (0.16%) was below inflation. Expenses regarding hotel (-2.10%) and tours (-2.26%) fell below last year’s rates.
Revelers will also have to pay more to cool off during the holiday. Consumers who prefer a refreshing fruit juice at the cafeteria (up 8.36%) or revelers who enjoy a nice and cold beer at the bar (up 7.87%) will have to pay more this year. All items rose above the inflation rate. Even a plain cup of coffee (up 10.16%) is more expensive. Those who prefer to buy beverages at the supermarket should also ready their wallets. Soft drinks and mineral water (10.16%), beer (7.80%) and spirits (6.17%) also rose above the CPI.
A total of 14 out of the 20 items surveyed by the study rose above inflation, particularly condoms and lubricants, up 10.47%. Despite still slightly above the CPI, the Carnival inflation rate is lower than in 2016, when the rate was up 12.74%.