Exchange rate pass-through for food prices
evidence for the Brazilian context from 1999 to 2023
Keywords:
Inflation, pass-through, exchange rateAbstract
The present article addresses the issue of Brazilian exchange rate pass-through, specifically concerning food prices, since the implementation period of the Inflation Targeting Regime. Using the Vector Autoregressive and Vector Error Correction methodology, it is proposed to estimate this value, employing the Broad Consumer Price Index (IPCA), its food subgroup, and the Broad Consumer Price Index for the consumer (IPA). The food subgroup demonstrates higher elasticity in relation to the exchange rate than the other indices studied, for both methodologies employed.
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