Inflation for low-income families in Brazil accelerates, according to IBRE

The Consumer Price Index - Category 1 helps detect gaps between the inflation rate for the whole population and for lower income families. This month, six of the eight expenditure categories part of the index presented an increase in their change rates. 
机构
12 五月 2014

The Consumer Price Index - Category 1 (IPC-C1) of the Brazilian Institute of Economics (FGV/IBRE) recorded a 1.05% change in April. With this result, the index accumulated an increase of 3.10% in the year, and 5.57% over the past 12 months.In the same period, the IPC-BR increased by 0.77%. The rate of the indicator in the last 12 months was 6.36%, above the level recorded by the IPC-C1 - which calculates inflation for families with incomes between 1 and 2.5 minimum wages.This month six of the eight expenditure categories part of the index presented an increase in their change rates.  The following items are noteworthy in these categories: general medicine (0.03% to 2.45%), residential electricity tariff (0.19% to 2.41%), urban bus fares (-0.08% to 0.80%), clothing (0.43% to 0.77%), veterinary clinic (0.14% to 1.03%) and home phone tariff (-0.49% to -0.12%).The change rates of the groups Education, Reading and Recreation (0.85% to -0.40%) and Food (1.85% to 1.69%) recorded a decrease. In the first class of expenditure, it is worth mentioning the lower prices of airline tickets (from 13.34% to -29.23%), and in the second, green and vegetables (from 19.55% to 5.52%).The Consumer Price Index - Category 1 helps detect gaps between the inflation rate for the whole population and for lower income families.The next release will be on June 11.Please click here and learn more (in Portuguese).     

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