Government Allows Price Increase for Medications, With a Rise of Nearly 11%

Written by Roberta Souza

Published on 30/03/2022 at 22:10

Foto: Reprodução Google Imagens (via Money Times)

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April Will Start With The New Prices Of Medicines Set By The Government’s Increase. Rate In The Sector May Hurt The Population

On March 29, the last Tuesday of the month, the government of Jair Bolsonaro, which recently dismissed the president of Petrobras, approved a 10.89% increase in the price of medicines. The government’s measure will take effect from Friday, April 1. The information was confirmed by the Pharmaceutical Industry Products Union (Sindusfarma) on the same night that the authorization was given (29).

According to the Union, the adjustment approved by the government – a measure that is being adopted in various sectors, mainly fuels – is expected to affect at least 13,000 varieties of medicines available in the Brazilian retail pharmaceutical market. Through the publication of a note, the entity warns: “But the adjustment is neither automatic nor immediate, as the intense competition among companies in the sector regulates prices: medications with the same active ingredient and for the same therapeutic class (disease) are offered in the country by various manufacturers and at thousands of points of sale.”

In this sense, according to the news outlet Diário do Nordeste, the calculation made to arrive at the medicine price adjustment authorized by the government takes into account the inflation obtained through the Broad Consumer Price Index, IPCA, (which is equal to 10.54%), along with the productivity achieved by the sector (equivalent to zero), the adjustment factor of relative values between sectors (0.35%), and the adjustment factor of relative intrasector prices Z (zero).

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Car Sales: With A Decrease Of Almost 23% In Deliveries Last Month, According To KBB Brazil, Sector Prices Continue On The Opposite Path

According to data from the analysis conducted by the National Association of Motor Vehicle Manufacturers (Anfavea), the month of February ended with a decline in the car market, a product that can be purchased with bitcoin. Thus, in February, only 129,000 vehicles were licensed, which corresponds to a decline of 22.8% compared to the same period last year. However, car prices – just like fuel prices – remain on a constant rise, as shown by the KBB Brazil Price Variation Monitor, a company specialized in new and used car pricing.
According to the KBB Brazil survey released on the Istoé Dinheiro portal, the main contributors to the price increase were used cars (0 to 3 years), with an average change of 2.96%, and used cars (4 to 10 years), which rose 1.87% on average. New cars, in turn, experienced only a 0.25% increase in price. To check the price increases in this other sector of the Brazilian market, just click here to read the full article.

Government Allows Price Increase for Medications, With a Rise of Nearly 11%

April Will Start With The New Prices Of Medicines Set By The Government’s Increase. Rate In The Sector May Hurt The Population

Car Sales: With A Decrease Of Almost 23% In Deliveries Last Month, According To KBB Brazil, Sector Prices Continue On The Opposite Path

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Government Allows Price Increase for Medications, With a Rise of Nearly 11%

April Will Start With The New Prices Of Medicines Set By The Government’s Increase. Rate In The Sector May Hurt The Population

Car Sales: With A Decrease Of Almost 23% In Deliveries Last Month, According To KBB Brazil, Sector Prices Continue On The Opposite Path

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