Sunday , November 29 2020

Inflation in Brazil in October 2018 amounted to 0.45%

The National Consumer Price Index – IPCA for October showed a deviation of 0.45%, leaving 0.03 percentage points (p.p.) below the index registered in September, 0.48%. This result is the highest since October one month since 2015, when HICP recorded 0.82%. Accumulated during the year amounted to 3.81%, above 2.21% recorded in the same period last year. In the perspective of the last twelve months, the index was 4.56%, slightly above 4.53% immediately preceding 12 months. In October 2017, the rate reached 0.42%.

In order to calculate the monthly index, prices collected from September 28 to October 26, 2018 (Reference data) were compared with prices in force from August 30 to September 27, 2018. (Basis).

In the table below, the Food and Beverages group showed price increases (from 0.10% in September to 0.59% in October), while the transport group slowed from 1.69% in September to 0.92% in October. In total, these two groups account for 43% of family costs and constitute approximately 70% of the monthly rate. The remaining groups accounted for between 0.02% of the communiqué and 0.76% of the statutes

After an increase of 1.69% in September, the transport group slowed down in October (0.92%), with the largest variation among the surveyed product and service groups outside the main market influence. , September index, from 0.17 pp

For the second month in a row, the most important point of the group were fuels with a volatility of 2.44% and a value of 0.14 p.p. impact on the HICP, which is about 1/3 of the index. All articles showed a slowdown from September to October: ethanol (from 5.42% to 4.07%), diesel (from 6.91% to 2.45%), gasoline (from 3.94% to 2%). , 18 %%) and car gas (from 0.85% to 0.06%). In transport, the air ticket element also slowed, with an increase of 7.49% compared to a staggering 81% in September.

The Food and Drinks Group presented a strong acceleration in September of the price level (0.10%) in October (0.59%), responsible for the second largest group influence in IPCA (0.15 p.p.). Such high results resulted mainly from the grouping of food at home (from 0.00% in September to 0.91% in October), highlighting tomato (51.27%), English potato (13.67). )%), whole chicken (1.95%) and meat (0.57%). On the side of the waterfalls there were: manioc flour (-4.69%), milk with extended durability (-2.60%), eggs (-1.12%) and ground coffee (-0.94%).

Nutrition group ranged from 0.02%, with backlight for snacks (-0.25%).

In the position of electricity (0.12%), from the Housing (0.14%) group, the rates were adjusted in the following areas: 15.23% in one of the concessionaires in São Paulo (0.25%) from October 23; 6.18% in Brasilia (0.35%) and 15.56% in Goiania (1.06%), both effective from October 22. The remaining surveyed regions ranged from -2.39% in the metropolitan region of Recife and 6.56% in the Fortaleza region, due to the increase or reduction of PIS / COFINS rates.

It should be noted that since June a red envelope with a customs flag No. 2 has been in force, with an additional fee of 0.05 USD per kWh consumed. In the Morada group, the volatility of 0.65% in the eligible gas position resulted from the adjustment of 14.89% in the Curitiba tariff, effective from September 14th.

Regarding regional indices, according to the table below, the highest rate remained in the Porto Alegre metropolitan region (0.72%), due to an increase of 66.08% for tomatoes and 2.55% for tomatoes. gasoline The lowest rate (0.21%) was registered in the metropolitan regions of Recife and Rio de Janeiro. The first place was marked by declines in electricity (-2.39%) and snacks (-1.97%). In the second, the main decreases concerned products with a long life (-5.04%) and food (-0.86%).

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Source: IBGE

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