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

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).








