Inflation for low-income Brazilian families advances in October

Five out of the eight expense categories comprising the Consumer Price Index, calculated by FGV's Brazilian Institute of Economics (IBRE), recorded increasing variation rates.
Economics
08 November 2017
Inflation for low-income Brazilian families advances in October

The Consumer Price Index - Class 1 (CPI-C1) for October showed a variation of 0.42%, which is 0.67 percentage points above the rate for September, when the index recorded a variation of -0.25%. With this result, the indicator accrues an increase of 1.89% in the year and 2.14% in the past 12 months. In October, the CPI-BR recorded a variation of 0.33%. The indicator for the last 12 months stood at 3.16%, above the level recorded by CPI-C1. The Index is calculated by FGV's Brazilian Institute of Economics (IBRE).

Five out of the eight expense categories comprising the index recorded increasing variation rates: Housing (-0.33% to 1.06%), Food (-0.77% to 0.31%), Health and Personal Care (0.03% to 0.21%), Communication (-0.05% to 0.60%), and Miscellaneous Expenses (0.27% to 0.49%). Within these groups, the highlights were the following items: residential electricity rate (-2.72% to 4.16%), greens and vegetables (-7.88% to 11.04%), toiletries and personal care (-0.50% to 0.08%), mobile phone rate (-0.14% to 1.49%), and cigarettes (0.56% to 1.05%), respectively.

On the other hand, the Transportation (0.18% to -0.20%), Apparel (0.63% to 0.07%), and Education, Reading, and Recreation (0.37% to -0.08%) groups showed decreasing variation rates. In these expense classes, the highlights were the following items: gasoline (2.95% to -0.01%), clothing (0.95% to 0.17%), and airfare (12.51% to -9.42%), respectively.

The next CPI-C1 will be released on December 6. Go to the website for more information.