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The Impact Of The Monetary Value Of The Basket Of Goods In The Economy Of Londrina/Pr – Brazil

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  • Marcos J. G. Rambalducci
  • Barbara R. Feltrin

Abstract

The 2017’s super crop harvested in Brazil helped preponderantly to maintain the inflation rate under control. It allowed the inflation rate to reach a historical low level of 2.95% in the year, even below the 3% target set by the Central Bank of Brazil. This performance allowed: a) the release of income for the consumption of a distinct range of products that stimulated the economy, b) a drastic reduction in the basic interest rate, resulting in benefits for both the consumer and the productive sector, and c) to help the government by raising tax revenues and also by inhibiting the fiscal deficit growth. This research aimed at identifying, in terms of monetary value, how much was the liberation provided by the reduction of the value of the national basket of goods in the city of Londrina in 2017. It was found that it reached the amount of R$ 440,290 million (US$ 137,788 million) due to an average reduction of 23% in the cost of the basket of goods, also called basic basket or basic food basket, compared to the previous year.

Suggested Citation

  • Marcos J. G. Rambalducci & Barbara R. Feltrin, 2018. "The Impact Of The Monetary Value Of The Basket Of Goods In The Economy Of Londrina/Pr – Brazil," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 12(1), pages 37-51.
    • Handle: RePEc:isp:journl:v:12:y:2018:i:1:p:37-51
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    References listed on IDEAS

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    1. Davide Furceri & Prakash Loungani & John Simon & Susan M. Wachter, 2016. "Global food prices and domestic inflation: some cross-country evidence," Oxford Economic Papers, Oxford University Press, vol. 68(3), pages 665-687.
    2. C. S. C. Sekhar & Devesh Roy & Yogesh Bhatt, 2018. "Food inflation and volatility in India: trends and determinants," Indian Economic Review, Springer, vol. 53(1), pages 65-91, December.
    3. Bhattacharya. Rudrani, 2017. "Effectiveness of monetary policy in stabilising food inflation: Evidence from advanced and emerging economies," Working Papers 17/209, National Institute of Public Finance and Policy.
    4. Sekhar, C.S.C. & Roy, Devesh & Bhatt, Yogesh, 2017. "Food inflation and food price volatility in India: Trends and determinants," IFPRI discussion papers 1640, International Food Policy Research Institute (IFPRI).
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    More about this item

    Keywords

    inflation; basket of goods; monetary value liberation; londrina; food price;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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