Brazil consumer price inflation advances in second week of April

Calculated by FGV’s Brazilian Institute of Economics (IBRE), four of the eight expense categories that comprise the Weekly Consumer Price Index recorded a higher price variation.
Economics
17 April 2018
Brazil consumer price inflation advances in second week of April

Calculated by FGV’s Brazilian Institute of Economics (IBRE), the Weekly Consumer Price Index (IPC-S) varied 0.35% on April 15 – 0.04 percentage point (p.p.) above the last published rate. 

Four of the eight expense categories that comprise the index recorded a higher price variation. The Housing group recorded the highest variation (0.32% to 0.44%). In this expense class, it is important to highlight the behavior of the household power bill item, whose rate went from 1.57% to 1.78%.

The following groups also recorded rate variations: Health and Personal Care (0.61% to 0.73%), Education, Reading and Recreation (0.06% to 0.13%), and Communication (0.04% to 0.05%). Within these expense categories, it is important to highlight the following items: medications in general (0.24% to 0.91%), showrooms (1.03% to 1.63%), and mobile phone rate (0.13% to 0.29%), respectively. 

On the other hand, the Transport (0.28% to 0.26%), Miscellaneous Expenses (0.02% to -0.03%), Clothing (0.47% to 0.44%), and Food (0.29% to 0.28%) groups recorded drops in prices. The following items were the main drivers of such variation within these classes: urban bus fare (0.72% to 0.37%), pet food (-0.58% to -1.06%), women’s clothing (1.18% to 0.82%), and fruit (7.93% to 6.97%), respectively. 

The next calculation of the Weekly Consumer Price Index, with data collected until April 22, will be disclosed on April 23.