DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Brazilian Supermarket Sales Up By 1.6% On 2015

By Branislav Pekic
Share this article
Brazilian Supermarket Sales Up By 1.6% On 2015

Brazilian supermarket sales rose by 1.58% in real terms during 2016, compared to the same period last year, according to the Brazilian Association of Supermarkets (ABRAS).

In December, sales increased 20.89% in comparison with the previous month and were 2.23% higher in relation to the same month of 2015.

ABRAS has revised the growth forecast for 2017 to 1.3%.

In December, the basket of Abrasmercado products (consisting of the most consumed food and non-food products in supermarkets) recorded a rise of 0.50%, going from R$480.69 (€143.71) to R$483.10 (€144.43). For the full year, from January to December, the basket presented an increase of 10.03%.

The highest price increases in the month of December were registered for products such as: onions, soybean oil, mandioca flour and eggs, while the biggest price drops were seen in potatoes, beans, mozzarella cheese and cheese plates.

ADVERTISEMENT

With revenues of R$315.8 billion (€94.39 billion), the supermarket sector in the country represents 5.35% of GDP and generates more than 1.85 million direct jobs. It is the most important retail activity, with 84,500 stores in Brazil, which receive around 25 million consumers every day.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up for ESM: The European Supermarket Magazine

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.