Retail sales in Brazil fell 0.1% in October, down 7.1% year on year

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By Jeffrey T. Lewis


SAO PAULO – Retail sales in Brazil fell in October as lower sales in supermarkets and hypermarkets offset increased purchases of clothing and footwear.

Seasonally adjusted sales were down 0.1% in the month and 7.1% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE said on Wednesday. In September, sales fell 1.1% revised in the month and 5.2% revised from the previous year.

The country’s consumer price index rose 10.67% in October from a year earlier, the fastest pace since early 2016, and the rapid rise in prices in recent months has undermined the power of buying buyers, the cost of food and fuel in particular pushing consumers to reduce.

The sales of supermarkets and hypermarkets, a heavily weighted category, fell 0.6% in October after falling 1.1% in September. Sales of fuels and lubricants fell 0.3% after falling 2.8% a month earlier.

Clothing, footwear and fabrics sales rose 0.6% in October, following a 1.0% drop in the previous month, and sales of office and computer equipment rose 5.6% on the month after. a drop of 3.2% in September, the IBGE said.


Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com



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