Business · Economy · 2 hrs ago

Cost of living in Greater São Paulo fell 0.04% in August

Cost of living in Greater São Paulo fell 0.04% in August

The cost of living in Greater São Paulo fell 0.04% in August, according to a survey by FecomercioSP, a São Paulo state trade federation.

Lower electricity and fuel prices led the decline, with cheaper food also helping families.

Households in income groups D and E saw the biggest monthly drops, while costs for groups A and B were nearly unchanged.

Over 12 months, however, living costs rose more for groups D and E than for groups A and B. A temporary Itaipu energy bonus helped lower electricity bills, and FecomercioSP warned that this relief could reverse in coming months.

The survey tracks prices for 247 items across five household income groups in the metropolitan region.

The energy discount may not last, so the monthly fall does not mean costs will keep declining.

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