Inflation among elderly in Brazil drops in the second quarter of 2017
Economics
14 July 2017

Inflation among elderly in Brazil drops in the second quarter of 2017

The Consumer Price Index for the Elderly (CPI-3i) measures consumer good variations in households composed primarily of individuals aged 60 or older.

The Consumer Price Index for the Elderly (CPI-3i), which measures consumer good variations in households composed primarily of individuals aged 60 or older, showed a variation of 0.50% in the second quarter of 2017. The CPI-3i was up 3.51% year over year. With this result, the indicator varied above the Consumer Price Index (CPI-BR), which was 3.44% for the same period.

Between the first and second quarters of 2017, the CPI-3i dropped 0.87 percentage point, falling from 1.38% to 0.50%. Five of the eight expense categories that comprise the index recorded decreases in their variations. The housing group was the main reason behind such trend, dropping from 2.02% to 0.40%. Within this expense category, the item driving this trend was household power bill, which recorded a -2.46% variation in the second quarter, compared to 5.76% in the previous quarter.

The following groups also contributed to the drop in the CPI-3i: food (1.12% to -0.94%), education, reading and recreation (2.95% to 0.08%), transportation (0.39% to -0.52%), and miscellaneous expenses (1.51% to 1.16%). For each of these classes, it is important to mention variations in the following items: fruit (1.97% to -19.22%), formal courses (9.19% to 0.00%), urban bus fare (4.48% to 0.83%), and cigarettes (1.72% to 0.00%), respectively.

On the other hand, the Health and Personal Care (1.74% to 2.70%), Communication (-1.07% to 0.75%), and Clothing (-0.19% to 1.18%) groups showed higher variation rates. The items that most contributed to such variations were general medication (0.13% to 3.43%), household phone bill (-3.75% to -0.22%) and clothing (-1.09% to 1.58%), respectively.

The complete results are available on the website, in Portuguese.

 

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