The Central Bank of Brazil’s Commodity Price Index falls by 2.32% in March

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The Brazil Commodities Index (IC-Br), produced by the Central Bank of Brazil, fell by 2.32% in March compared to February. In the 12-month measure, the index dropped 7.9%. 

Last month, the energy segment (oil, natural gas and coal) suffered losses of 4.15%, while metals (aluminium, iron ore, copper, tin, zinc, lead and nickel) advanced 0.83% in March. The agricultural segment (beef, cotton, soybean oil, wheat, sugar, corn, coffee, rice and pork) fell by 2.89%.

The IC-Br is calculated based the prices of Brazilian commodities traded abroad in Reais. The Central Bank takes into account these prices when looking at the dynamics of consumer prices in Brazil.

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