Cumulative Construction Inflation From January to July Is 9.11% With Monthly IPCA of 1.48%: "Brazilian Far From Homeownership"

Cumulative Construction Inflation From January to July Is 9.11% With Monthly IPCA of 1.48%: “Brazilian Far From Homeownership”

Written by Daiane Souza

Published on 09/08/2022 at 10:15

Updated on 09/08/2022 at 10:33

Foto: Simone Mello/Acervo IBGE

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Tuesday, August 09, Will Be Marked By Turbulence After IBGE Reveals Data Regarding Brazilian Inflation, Both For The Construction Industry And Other Areas Of The Economy.

On Tuesday, August 09, IBGE, the Brazilian Institute of Geography and Statistics, released data regarding the National Construction Cost Index (Sinapi), which shows the inflation of the construction industry, presenting an accumulated high of at least 9.11% between January and July of this year, with 1.48% only in the previous month, which is still below the June data, which reached 1.68%.

Today, there was also the release of national inflation data, in which IPCA fell by 0.68%, which was one of the highest deflation rates since 1998. The drop in inflation under the Bolsonaro government, due to the control of fuel and electricity prices, was greater than those caused by the government of Luiz Inácio Lula da Silva. Despite the control of taxes on diesel, gasoline, and ethanol, the fuel widely used by truck drivers, diesel is still flirting with R$ 8 in Santa Catarina (SC).

The data, which were considered more positive than expected by economists, caused the dollar exchange rate to plummet and return to R$ 5.11.

ARTICLE CONTINUES BELOW

The Accumulated Inflation of The Construction Industry In The Last Twelve Months Reaches 14%

When analyzing the graph with the accumulated inflation of the construction industry over the last twelve months, the value is 14.07%, which is still below the accumulated 14.53% recorded in the previous twelve months, representing a 28.6% increase over two years.

The second half ended with one of the highest rates of the year for construction inflation, which may represent the end of the dream of home ownership for middle and lower-class Brazilians. The square meter in July reached R$ 1,652.27, with almost R$ 988 relating to materials and the remainder allocated for labor for construction.

Although this is one of the highest increases of 2022, when analyzing the July 2022 data with 2021, there is an exponential decrease, as last year’s monthly result represented a rise of 2.88%.

Paraná (PR) Is One Of The States With The Highest Inflation Rise In July

The state of Paraná (PR) reported a monthly variation in materials of about 5.1%, making it one of the highest results in the country. The smallest increases occurred specifically in the Northeast, following this order: 0.85% (North), 1.50% (Northeast), 1.05% (Southeast), and 1.24% (Midwest). Regarding costs per square meter, the North region had the lowest values, standing at R$ 1,622.08 (North); R$ 1,546.52 (Northeast); R$ 1,723.94 (Southeast); R$ 1,717.01 (South) and R$ 1,658.26 (Midwest).

What Is Sinapi?

The Sinapi works together with Caixa and IBGE to produce research on the monthly costs of construction, measuring expenses with materials, labor, and specialized machinery. In other words, they are specialists when it comes to housing and basic sanitation.

The statistics prepared by Sinapi are crucial for the development of new social programs and national-scale research. Monthly, at the beginning of each month, new relevant information about square meter prices, labor, etc. is revealed.

Cumulative Construction Inflation From January to July Is 9.11% With Monthly IPCA of 1.48%: “Brazilian Far From Homeownership”

Tuesday, August 09, Will Be Marked By Turbulence After IBGE Reveals Data Regarding Brazilian Inflation, Both For The Construction Industry And Other Areas Of The Economy.

The Accumulated Inflation of The Construction Industry In The Last Twelve Months Reaches 14%

Paraná (PR) Is One Of The States With The Highest Inflation Rise In July

What Is Sinapi?

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Cumulative Construction Inflation From January to July Is 9.11% With Monthly IPCA of 1.48%: “Brazilian Far From Homeownership”

Tuesday, August 09, Will Be Marked By Turbulence After IBGE Reveals Data Regarding Brazilian Inflation, Both For The Construction Industry And Other Areas Of The Economy.

The Accumulated Inflation of The Construction Industry In The Last Twelve Months Reaches 14%

Paraná (PR) Is One Of The States With The Highest Inflation Rise In July

What Is Sinapi?

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Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

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