Inflation among seniors grows above the accrued IPC-BR rate
The Consumer Price Index for the Elderly (CPI-3i), which gauges consumer good variations in households primarily comprised of individuals aged 60 or older, varied 0.80% in the fourth quarter of 2018. The CPI-3i was up 4.75% in the year. This puts the indicator above the CPI-BR, which stood at 4.32% in the same period.
Compared with the previous quarter, the CPI-3i was up 0.11 percentage point – from 0.69% to 0.80%. Three out of the eight expense categories comprising the index recorded increasing variation rates. The Food group was the main driver behind this trend, with prices varying from -1.57% to 3.49%. Within this expense category, the item driving this increase was vegetables, which rose 52.48% in the fourth quarter, compared to -31.93% in the previous quarter.
Other drivers behind the CPI-3i upsurge included Clothing (-0.55% to 1.46%) and Education, Reading and Recreation (2.21% to 2.85%). The behavior of the following items is worth mentioning for each of these expense categories: clothing (-1.01% to 1.73%) and airfare (19.60% to 30.61%).
On the other hand, the Housing (1.74% to -0.89%), Transport (0.73% to -0.20%), Health and Personal Care (1.20% to 1.14%) and Miscellaneous Expenses (0.66% to 0.31%) categories recorded lower rates. The main drivers behind this trend were: household power bill (5.27% to -8.12%), gasoline (1.79% to -4.92%), general medications (0.47% to 0.17%), and cigarettes (2.63% to 0.04%).
The Communication group recorded the same price change of 0.22% as in the last assessment. Major upward and downward factors were landline and internet packages (-0.18% to 1.26%) upwards, and monthly cable TV fees (0.99% to 0.22%), downwards.
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