Fuel Prices Contribute to Inflation Growth in 2022, Commodity Prices in the Fuel Subgroup Saw the Largest Decline in the Last 12 Months

Written by Bruno Teles

Published on 11/01/2023 at 11:49

Preços dos combustíveis (Foto/divulgação)

Be the first to react!

According to the latest data released by IBGE on Tuesday (10), the inflation of fuel prices will be 23.87% in 2022. Commodity prices in the fuel subgroup were the most significant drop over the last 12 months, with legislative measures interfering in the country’s tax policy.

However, the annual inflation of fuel prices measured by the IPCA (Broad Consumer Price Index) increased by 5.79% in 2022. Fuel items were the main reason for price increases over the last 12 months. The largest drop was in gasoline, which fell by 25.78% last year.

In second place was the deflationary ethanol, which dropped by 25.42% over the year. On the other hand, prices of other items in the fuel subgroup increased, such as diesel and gasoline for engines. The highest inflation this year came from clothing, food, and personal care, driven by food.

Inflation in 2022 and Relation to Fuel Prices

The expansion of the National Consumer Price Index 15 (IPCA-15) accelerated in November, driven by new highs in food prices and fuel prices. The indicator, which is a preview of official inflation, advanced by 0.53%, 0.16 percentage points above the result observed in October.

ARTICLE CONTINUES BELOW

Fuel Prices Contribute to Inflation Growth in 2022, Commodity Prices in the Fuel Subgroup Saw the Largest Decline in the Last 12 Months

According to the latest data released by IBGE on Tuesday (10), the inflation of fuel prices will be 23.87% in 2022. Commodity prices in the fuel subgroup were the most significant drop over the last 12 months, with legislative measures interfering in the country’s tax policy.

Inflation in 2022 and Relation to Fuel Prices

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

The military’s preschool assistance receives an 8.6% adjustment and now has a new value throughout Brazil, expanding financial support to Armed Forces families at a time of rising educational costs.

Canada invests more than 2 billion dollars to upgrade an old nuclear laboratory and try to rival the world’s major atomic energy powers.

After nearly twenty years of halted and resumed construction, the Transnordestina has reached 79% completion and finally promises to connect the hinterland to two ports on the Northeast coast.

Madrid wants to build the world’s largest Ferris wheel at 260 meters and €300 million, surpass Dubai, transform Spain’s landscape, and create its own ‘Eiffel Tower’ in a project that still faces resistance and depends on approval.

Celso Portiolli flies over a beach in SC by helicopter, calls the destination the ‘diamond of Brazil’ and buys an apartment for up to R$ 2.4 million in a city of 27,000 inhabitants that moved R$ 4 billion in real estate.

Fuel Prices Contribute to Inflation Growth in 2022, Commodity Prices in the Fuel Subgroup Saw the Largest Decline in the Last 12 Months

According to the latest data released by IBGE on Tuesday (10), the inflation of fuel prices will be 23.87% in 2022. Commodity prices in the fuel subgroup were the most significant drop over the last 12 months, with legislative measures interfering in the country’s tax policy.

Inflation in 2022 and Relation to Fuel Prices

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

IBS and CBS regulations change credit reimbursement and raise financial alert in the oil and gas industry

China puts into operation the largest shallow lithology offshore field in the country, with 79 wells, heavy oil, and a production of 20,000 barrels per day.

Petrobras announces an investment of R$ 2.8 billion in Amazonas to expand natural gas production in Urucu and modernize the river fleet, boosting energy, logistics, and the regional economy with new vessels adapted for operation in the Amazon.

The military’s preschool assistance receives an 8.6% adjustment and now has a new value throughout Brazil, expanding financial support to Armed Forces families at a time of rising educational costs.

Canada invests more than 2 billion dollars to upgrade an old nuclear laboratory and try to rival the world’s major atomic energy powers.

After nearly twenty years of halted and resumed construction, the Transnordestina has reached 79% completion and finally promises to connect the hinterland to two ports on the Northeast coast.

Madrid wants to build the world’s largest Ferris wheel at 260 meters and €300 million, surpass Dubai, transform Spain’s landscape, and create its own ‘Eiffel Tower’ in a project that still faces resistance and depends on approval.

Celso Portiolli flies over a beach in SC by helicopter, calls the destination the ‘diamond of Brazil’ and buys an apartment for up to R$ 2.4 million in a city of 27,000 inhabitants that moved R$ 4 billion in real estate.