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Consumption index of Brazilian families is the highest since the beginning of the Covid-19 pandemic

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BNN Correspondents
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Consumption index of Brazilian families is the highest since the beginning of the Covid-19 pandemic

The Brazilian household consumption index reached 91.2 points in January, an increase of 1.3% compared to the previous month and the highest level since April 2020, shortly after the start of the covid-19 pandemic.

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The data were released by the National Confederation of Trade in Goods, Services and Tourism.

The report points out that consumers with income of up to ten minimum wages are more willing to spend, with an increase of 1.9% in the intention of consumption in relation to December and of 25.7% in the annual variation.

According to the report, optimism reflects the expansion of the government's income transfer program, with a minimum payment of BRL 600 and an increase of BRL 150 per child up to six years old.

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On the other hand, families that receive more than ten monthly minimum wages intend to reduce consumption, with a 1% drop in intention.

The report points out as reasons for pessimism the increase in the price of services in general, the professional perspective and the more difficult access to credit.

The consumption perspective was the item that grew the most in the monthly comparison, with an increase of 2.7%, due to the cooling of inflation.

In the annual comparison, the index rose 23.1% in January, with emphasis on the 25.1% increase in the professional perspective index.

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