Inflation for senior consumers slows down, according to IBRE

Institutional
14 October 2013

The Third Age Consumer Price Index (IPC-3i), calculated by the Brazilian Institute of Economics of Fundação Getulio Vargas (FGV/IBRE), decelerated and recorded a 0.19% change in the third quarter of 2013. In 12 months, the IPC-3i accumulated a 4.96% increase. With this result, the indicator change rate remained below the accumulated rate by the IPC-BR, which was 5.29%, within the same period.In the transition from the second to the third quarter of 2013, the IPC-3i rate recorded a decrease of 1.07 percentage points (p.p.), retreating from 1.26% to 0.19%. Among the eight expense categories comprising the index, the main influence was the Food group, decreasing from 0.55% to minus 1.79%. The item that most influenced the behavior of this group was greens and vegetables, which fell by 33.25% in the third quarter, compared to a 4.04% decrease in the previous quarter.The following groups were also an influence to the IPC-3i decrease: Health and Personal Care, Housing, Transportation and Apparel.The IPC-3i measures the change in the consumption basket of families comprised of mostly 60-plus year old people.The next publication of the IPC-3i will refer to the 4th quarter of 2013 and will happen on January 14, next year.

Our website collects information about your device and browsing activity through the use of cookies seeking to allow features such as: improving the technical functioning of web pages, measuring the diffusion of the website and offering relevant products and services through personal advertisement. To find out more about the information and cookies we collect, visit our Cookie Policy and our Privacy Policy (available soon in English).