Inflation for low-income families rises in January
With this result, the indicator, which measures inflation for families with income between 1 and 2.5 minimum wages, has increased 4.80% in the last 12 months.
According to FGV’s Brazilian Institute of Economics (IBRE), the Consumer Price Index - Class 1 (CPI-C1) recorded a variation of 0.54% in January, 0.35 percentage point (p.p.) higher than December, when the index varied 0.19%. With this result, the indicator, which measures inflation for families with income between 1 and 2.5 minimum wages, has increased 4.80% in the last 12 months. In January, the Consumer Price Index (CPI-BR) varied 0.69%. The variation rate for the last 12 months was 5.04%, above the CPI-C1.
Five of the eight expense categories that comprise the index recorded a higher price change: Housing (-0.69% to 0.06%), Transport (0.59% to 2.07%), Education, Reading, and Recreation (0.86% to 2.74%), Food (0.26% to 0.34%), and Communication (0.07% to 0.42%). The following items were the main drivers behind such increase: household power rate (-5.13% to -0.62%), city bus fare (0.06% to 3.42%), formal courses (0.00% to 10.70%), fresh vegetables (-3.87% to 0.53%), and mobile phone rate (0.03% to 1.12%), respectively.
On the other hand, the Clothing (0.81% to -0.14%), Miscellaneous Expenses (1.86% to 0.49%), and Health and Personal Care (0.52% to 0.23%) groups showed lower variation rates. The main contributing items in these categories were clothing (0.92% to -0.40%), cigarettes (3.31% to 0.00%), and personal care and hygiene items (0.72% to -0.27%), respectively.
The complete results of the survey are available on the website.
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