Inflation for low-income families accelerates in January, according to IBRE

The Consumer Price Index - Class 1 (IPC-C1) of January, calculated by the Brazilian Institute of Economics (IBRE/FGV), indicates the inflation for families that earn up to 2.5 minimum wages.  
Institutional
06 February 2014

The Consumer Price Index - Class 1 (IPC-C1) of January, calculated by the Brazilian Institute of Economics (IBRE/FGV), which indicates the inflation for families that earn up to 2.5 minimum wages, presented a change of 0.71%. With this result, the index accumulated an increase of 4.7% over the past 12 months.According to IBRE, the rate increase is due to the inflation increase in five expense groups: Miscellaneous Expenses (0.48% to 3.80%); Education, Reading and Recreation (0.45% to 2.99%); Food (0.71% to 0.80%); Housing (0.54% to 0.56%) and Communication (-0.02% to 0.13%). The institute also pointed out that, among these groups, the following items stand out: cigarettes, formal courses, dairy products, appliances and fixed telephone services and internet.On the other hand, the survey also indicated a decrease in three groups: Clothing (0.52% to -0.28%); Transportation (0.67% to 0.30%); and Health and Personal Care (0.37% to 0.24%). The next release of the IPC-C1 will be on March 13.Please click here and read the full survey (in Portuguese).

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