Brazil’s central bank estimates commodity prices fell 3.29 percent in October from September, according to a report posted on the bank’s website today.
Commodities prices rose 15.49 percent from a year earlier, the report said.
The index is based on a basket of international commodities that the central bank considers most relevant to Brazilian consumer prices.
Agricultural commodities tracked by the index include beef, cotton, soy, wheat, sugar, corn, coffee and pork. Metals include aluminum, iron-ore, copper, tin, zinc, lead and nickel. Energy commodities include crude oil, natural gas and coal.
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