IPC-S inflation index drops due to beef
The Weekly Consumer Price Index (IPC-S) for January 15, 2020 stood at 0.48%, 0.09 of a percentage point below the previous week’s figure. Six of the index’s eight spending classes recorded declines in their rates of variation. The biggest driver was the Food group, which went from 2.30% to 1.61%. In this spending class, the Beef item experienced a noteworthy drop, from 11.07% para 5.47%.
There were also declines in variation rates for the following groups: Transportation (1.16% to 0.94%), Clothing (0.62% to 0.34%), Miscellaneous Expenses (0.39% to 0.13%), Communication (0.24% to 0.13%), and Health and Personal Care (0.38% to 0.37%). In these spending classes, the following items had notable results: Gasoline (3.12% to 2.56%), Clothes (0.67% to 0.25%), Lottery Tickets (2.85% to 0.00%), Telephony, Internet and Pay TV Packages (0.50% to 0.15%), and Hygiene and Personal Care Products (0.73% to 0.54%).
On the other hand, the Housing group (-0.76% to -0.33%) and the Education, Literature and Recreation group (-0.30% to -0.11%) presented less intense declines in their rates of variation. In these spending classes, the following items stood out: Residential Electricity Charges (-4.08% to -2.26%) and Formal Education Courses (1.20% to 2.02%).
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