IPC-S inflation drops in the last week of November
The Weekly Consumer Price Index (IPC-S) on November 30, 2018 dropped 0.17% – 0.22 percentage points (p.p.) below the rate recorded in the last report. With this result, the index accumulates a 4.02% increase in the year and 4.24% in the last 12 months.
Five of the eight expense categories that comprise the index recorded lower price variation rates compared to the previous period. The Transport group showed the highest variation rate (-0.01% to -0.57%). Within this expense category, it is important to highlight the behavior of the gasoline item, which rose from -1.33% to -2.90%.
The following groups also showed decreased variation rates: Housing (-0.65% to -0.94%), Food (0.58% to 0.41%), Health and Personal Care (0.17% to 0.09%), and Clothing (0.34% to 0.11%). The following items stand out in these expense categories: household power bill (-4.51% to -5.98%), vegetables (17.05% to 11.28%), perfume (-1.38% to -1.84%), and women’s clothing (0.67% to 0.24%).
On the other hand, the Miscellaneous Expenses (0.08% to 0.16%) and Education, Reading and Recreation (0.32% to 0.40%) groups yielded higher rates. The highlights in these expense classes were postal fees (2.64% to 4.28%) and air tickets (4.61% to 9.13%).
The Communication group recorded the same price change of 0.18% as in the last report. Major upward and downward factors were monthly internet charges (-0.05% to 0.00%) upwards, and landline and internet packages (0.82% to 0.78%) downwards.
The complete study is available on the website.