MercoPress. South Atlantic News Agency
Brazil inflation soars as electricity rates go up 22% in March and 60.42% in the last 12 months
Consumer prices in Brazil picked up in March, putting the 12-month rate at the highest level in more than eleven years, highlighting one of the main challenges facing Latin America's largest economy in the year ahead. The rolling 12-month IPCA was up 8.13% through March, up from 7.70% in February, remaining well above the central bank's 6.5% ceiling. In the first quarter of the year, prices have risen 3.83%, while the 12-month figure marked the highest level since December 2003, when it reached 9.30%. Read full article
Comments
Disclaimer & comment rulesWho said this would happen a couple years ago..
Apr 09th, 2015 - 12:10 pm - Link - Report abuse 0Yes it was me
Business is crashing and the subsidies must be reigned in dramatically.
They'll be really lucky if they can keep the unrest of the slum dwellers in check while they try to fix their budget.
Maybe just maybe they should have saved some $ over the last decade rather than wasting it on slum dwellers (crab pot) buying crack. Now they have no money to bridge them through their down cycle.
Silly Marxists.
They'll never learn.
This is only the beginning...
The electricity has risen in price because the generation sources, at present, are largely thermoelectric. And the thermoelectric generate energy at a higher cost. Simple as that.
Apr 09th, 2015 - 01:12 pm - Link - Report abuse 0When the rainfall return to normality will lower the price again.
That's what we call planning. Incompetence is what happens in the United States where it is expected shortage of water and electricity by the government was not able to plan or even raise awareness about the plight of reservoirs and natural sources.
Sand Castles by the sea!
@2. Amazing that thermoelectric generation sources account for 20.2% of output. Whilst hydroelectricity accounts for 72.1%.
Apr 09th, 2015 - 01:58 pm - Link - Report abuse 0http://www.bloomberg.com/news/articles/2014-12-04/forecast-of-brazil-rains-will-halt-expensive-power-plants
So what we appear to have is heavy rain. Heavy rain means that thermal plants can be shut down. Doesn't heavy rain mean massive hydroelectric capacity? And with thermal plants shut down, a perfect time to raise prices. Sounds like incompetence to me. Depending on area, U.S. increases in electricity costs have ranged between 1.3% and 9.8%.
http://www.bloomberg.com/news/articles/2014-12-04/forecast-of-brazil-rains-will-halt-expensive-power-plants
Doesn't that mean that the average U.S. increase is 5.5%? And the Brazilian increase is 22%. I think we can see where the incompetence is, Brasso. Or have you got some more 'funny' figures to tell us about? Or perhaps you'd like to just make some up?
Brasso, when is it going to rain again?
Apr 09th, 2015 - 02:31 pm - Link - Report abuse 0My bet is your neck is going to be hurting carrying all that water on your head.
Maybe Brazil should have built some back up plans for when the dams run dry.
:)
You speak without proper knowledge of the problems. To mistake is human, but speak without knowledge is bad character.
Apr 09th, 2015 - 02:43 pm - Link - Report abuse 0You do a search on the internet and find out how many millimeters of rain was in 2015 in São Paulo month to month. Mainly in the region of large dams, including Cantareira.
The Brasso version of planning?
Apr 09th, 2015 - 02:48 pm - Link - Report abuse 0Praying for rain.
really?
Wow! Good luck with that!
The drought today threatening southeastern Brazil, the country’s most populous region—including the 20 million people who live in Greater São Paulo—is a testament to the catastrophic effects of refusing to break from the failed policies of recent decades.
Apr 09th, 2015 - 03:04 pm - Link - Report abuse 0The drought is the worst recorded in the last 80-85 years. The rainy season, which is now coming to an end, has not significantly remedied a scarcity so bad that São Paulo water officials warn that they might soon decide to impose water rationing on that city of more than 20 million, perhaps as much as for five of the seven days in a week!
São Paulo’s Cantareira reservoir/dam system, which is still the source of water for 6.5 million of its residents, in mid-March was at 11.9% of total capacity (including the reservoir’s “dead” or inactive storage). Large hospitals and water-intensive businesses are already installing in-house water treatment and recycling centers, and water trucks are proliferating around the city, but the city’s poor do not have access to such resources.
The state and city of São Paulo face the gravest conditions at this time, but several other states are following close behind. Officials in the states of Rio de Janeiro and Minas Gerais requested residents and industries cut back water use by 30% in January, because of the drought
Methink Brasso is like Toby, knowing little of the country he claims to be from.
You're a liar. Cantareira is with 19.3% of its capacity.
Apr 09th, 2015 - 03:27 pm - Link - Report abuse 0What I can say is that we survived very well the worst drought ever recorded. The figures show that the worst is over and most likely there will be no rationing of water. Unlike such California rationing that is 25% water with strong prospects to reach 50% by October.
I would say that in 2020 Californians are dying of thirst.
Electricity inflation at 60.42% in the last 12 months?
Apr 09th, 2015 - 03:42 pm - Link - Report abuse 0Cantareira is with 19.3% of its capacity?
And you say, “When the rainfall return to normality will lower the price again” ?
That is planning? No, it is not. Keeping one steady price all year so the population can budget and forecast, that is planning.
Keeping some money in the bank, by having an average price based on the whole-year weather cycle, so that you do not have to suddenly hike prices due to the vagaries of the weather, that is planning.
Praying for rain? That's voodoo shit.
Problem is last year that reservoir was at 34% at this time. So 19-15(same yoy use) it will be dry because the pumps won't work when it that low and that water is full of viruses, runoff and poison.
Apr 09th, 2015 - 05:13 pm - Link - Report abuse 0Maybe that's what's wrong with Brasso.
@5. I see you didn't bother to quarrel with any of my data. Wouldn't that be because you're a wanker churning out government propaganda.
Apr 09th, 2015 - 06:34 pm - Link - Report abuse 0@8. You're a liar. Even better, you're a tosspot. If you had a single braincell, you'd be able to see your 'country' dying. Don't get the wrong impression. No-one really cares. Think anyone 'normal' cares about Brazil nuts?
May you die in the fires of hell!
FEBRUARY 2015 was the wettest month in the region around São Paulo since 1995, with rainfall 36% above the historical average. But the water emergency in South America's biggest metropolis is not over. Because of last year's record drought, water levels in the Cantareira system of reservoirs—which normally supplies nearly half of the area's 20m residents—had sunk to just 5% of capacity. On March 9th they were back up to 12.9%, thanks to the downpours and to a raft of emergency measures, including fines to punish overuse. The government had foolishly put these off until after state and federal elections in October 2014. But the good news ends there. Because of deforestation, rainwater once captured by trees and funnelled into reservoirs turns into violent torrents which bypass them and escape downstream, and not necessarily where you want them to go. As a result, despite above-average rainfall, inflows into the system were below February's long-term mean. Some 30,000 trees need to be planted to undo the damage, experts reckon. Even if heavy rains continue until the end of the wet season in May (and consumers do not go back to their wasteful habits), Cantareira would enter the dry southern winter just quarter-full, according to Brazil's disaster-monitoring centre, down from 31% last year. São Paulo is not home and wet just yet.
Apr 09th, 2015 - 09:35 pm - Link - Report abuse 0Not my words but from this article:
http://www.economist.com/blogs/graphicdetail/2015/03/sao-paulo-drought
Quality post from @12 Skip .
Apr 10th, 2015 - 01:52 am - Link - Report abuse 0It clearly highlights more incompetence in the 'socialist paradise'. Brasileiro, why don't you call Maburro for advice? He says he has a plan... that's he's got it all 'goin' on'. He even has a Minister for The Supreme Happiness of The Nation'.
bet you don't have one yet!
Obviously, this could help with your prayers for rainfall, perhaps?
I'm still laughing at your statement ”when the rainfall return' ...
Did you but a Lottery ticket this week? Great planning!
Maybe you can predict rainfall in other countries too? You could even get a job?
My city recently went through a 10 year drought. Waiting for a return to normal rain patterns is a mug's game.
Apr 10th, 2015 - 09:10 am - Link - Report abuse 0My state fixed infrastructure to reduce water loss. Raised the price to dissuade usage and waste. And educated and forced societal change to how we think about water.
If Sao Paolo doesn't start thinking along these lines then they will rejoice when the drought finishes and repeat the same mistakes in the future when the next drought hits.
14. Its really too late for them to do much of anything at this point. They're out of cash and out of options.
Apr 10th, 2015 - 12:45 pm - Link - Report abuse 0They'll be lucky to contain the civil unrest when the water gets shut off and the free money for slum dwellers stops.
I must admit that I am quite interested, as a student studying urban design and planning, to see what happens to a major city when it literally runs out of water.
Apr 10th, 2015 - 01:50 pm - Link - Report abuse 0I haven't been on here in a while, does Fido Dido still comment on here? Wasn't he saying a while back that everybody in Brazil would basically be shitting on solid gold toilets by 2015?
Apr 10th, 2015 - 02:55 pm - Link - Report abuse 0@ more truth in our arguments than any of these moderate articles. Yankeeboy what is your take on the Chinese model, Nicaragua's canal, China's buying into petrobras now, China and Maduro....And the pieces of $hit running Chile?
Apr 11th, 2015 - 03:12 am - Link - Report abuse 0The pennies paid by Electrobras for the electricity it imports from Pataguay do not support the need to raise electricity prices in Brazil. Indeed one could ask where does the money go. Could it be that the finances of Electrobras might make more interesting reading than Petrobras! Over 60% price increase for Brazilians surely merits a little investigation!
Apr 13th, 2015 - 03:58 am - Link - Report abuse 0Commenting for this story is now closed.
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