IPC-C1: Inflation for low-income families increases in July and exceeds IPC-BR
In July, the Consumer Price Index – Low Income (IPC-C1) rose 0.50%, up 0.17 percentage points from its 0.33% result in June. The indicator has gone up 1.66% so far this year and 3.08% in the last 12 months. Meanwhile, IPC-BR increased 0.49% in July. Over the last 12 months, it has risen 2.40%, below IPC-C1’s result.
In July, four of the index’s eight component spending classes saw increases in their rates of variation: Housing (0.07% to 0.90%), Health and Personal Care (0.11% to 0.54%), Transport (1.03% to 1.12%) and Miscellaneous Expenses (0.10% to 0.25%). In these spending classes, there were notable results for the following items: Residential Electricity Charges (-0.88% to 2.33%), Hygiene and Personal Care Products (-0.64% to 0.52%), Car Repair (0.12% to 0.94%) and Bicycle Repair (0.51% to 1.57%).
On the other hand, the following groups recorded declines in their rates of variation: Food (0.53% to 0.13%), Communication (0.72% to 0.40%), Education, Reading and Recreation (-0.37% to -0.61%) and Apparel (-0.10% to -0.25%). In these spending classes, there were noteworthy results for the following items: Vegetables (-3.07% to -12.48%), Phone, Internet and Pay TV Packages (2.12% to 1.02%), Formal Courses (-1.05% to -1.55%) and Clothes (-0.14% to -0.40%).
The complete study is available here.