Price of extra virgin olive oil rises 37%

According to data from GfK, the extra virgin olive oil is a product with high prices between June 2015 and June 2016. According to the survey of the company, the price of 500 ml packaging extra virgin version varied 37% in June 2016 compared to the same period in the previous year, reaching the average level R$ 21.27. The high accumulated in the first six months of 2016 is 15%, three times the size of the IPCA. "The high dollar constant until January this year boosted the prices, but your retraction in recent months hasn''t shown enough to normalize the transfer to the consumer," says Marco Aurélio Lima, Director of GfK.