00:00October's inflation brings both good and bad news.
00:03The good news is that, overall, prices rose less than expected.
00:06The bad news is that food became more expensive.
00:10The numbers.
00:10According to Dani, annual inflation reached 6.30%.
00:14In other words, what you buy today costs on average 6.30% more than a year ago.
00:19Prices rose 0.2% during the month.
00:22Both results fell short of what some analysts had expected.
00:26But there is a fundamental problem.
00:27The figure is still more than double the target of the Central Bank, which is 3%.
00:32The food.
00:33Food prices rose 7.31% in the last year.
00:37In September, that figure was 6.74% and a year ago it was 6.64%.
00:44There are extreme cases within the basket.
00:46The price of potatoes increased by 98%, almost double what it cost a year ago.
00:51Tomatoes, 44%.
00:53Dried fruits, almost 16%.
00:55And beef, 13%.
00:58But why does it matter so much?
00:59Because lower-income households allocate a larger portion of their money to food.
01:03For them, that inflation weighs more heavily.
01:06And we still have to see the full effect of the child.
01:08The drought reduces crops and pasture for livestock.
01:11With less supply, prices tend to rise, which weighs most heavily on the index.
01:15Two categories explain a large part of the inflation.
01:18Accommodation driven by rents and food.
01:21Accommodation contributed slightly less than in September.
01:24Food, a little more.
01:25It is worth noting here that the specific category of rentals remained stable, after registering
01:30two months of increases.
01:32On the other hand, there are also prices that have decreased in the last year.
01:35Vehicles, carrots, dried legumes, and pork.
01:39And what about interest rates?
01:40With inflation so far above the target, the Central Bank has maintained the
01:44high rates, 12.25%.
01:47That makes loans more expensive.
01:49And as long as inflation persists, there are no signs that prices will decrease anytime soon.
01:52The market expects 2026 to end with inflation close to 7%.
01:57In perspective, the last time annual inflation was higher than today was in July.
02:02of 2024.
02:03In other words, in the fight against rising prices, the country regressed
02:07of about two years.
02:08And now with an extra factor.
02:10Pressure on the daily market due to a child who is already causing havoc
02:14in the country.
02:17The pressure on the market.
02:22Thank you!
02:23Thank you.
