IPC-C1: Inflation for households with income between 1 and 2.5 minimum wages increases in April 2019
The Consumer Price Index – Low Income (IPC-C1) for April rose by 0.73%, 0.06 percentage points (p.p.) above March, when the index reported a rate of 0.67%. With this result, the indicator reached a cumulative increase of 2.52% in the year and 5.86% in the last 12 months.
In April, the IPC-BR rose by 0.63%. The rate of the indicator for the last 12 months was 5.19%, below the level reported by IPC-C1.
In this calculation, seven of the eight component expenditure classes of the index presented an increase in their variation rates: Health and Personal Care (0.25% to 1.08%), Transportation (1.27% to 1.67%), Housing (0.20% to 0.31%), Miscellaneous Expenses (-0.15% to 0.24%), Education, Reading and Recreation (0.10% to 0.35%), Clothing (0.61% to 0.71%), and Communication (-0.06% to -0.02%). In these groups, it is worth noting the behavior of the items: medicines in general (0.09% to 1.68%), urban bus fare (0.87% to 2.12%), home furniture (-0.20% to 0.76%), lottery tickets (1.29% to 31.63%) airfare (-7.25% to -0.69%), clothing accessories (0.81% to 1.93%), and residential phone bill (-0.44% to -0.15%).
Conversely, only the Food group (1.23% to 0.76%) showed a decrease in its variation rate. In this expenditure class, the item rice and beans (6.20% to -0.80%) stands out.
The next release of the IPC-C1 will take place on 6/6/2019. The full study is available on the website.