IPC-S inflation rises, driven by airfares

Six of the index’s eight component spending categories saw increases in their rates of variation.
Economics
24 March 2020
IPC-S inflation rises, driven by airfares

The Weekly Consumer Price Index (IPC-S) as of March 22, 2020 stood at 0.18%, up 0.14 percentage points from the previous figure. Six of the index’s eight component spending categories saw increases in their rates of variation.

The biggest contribution came from the Education, Literature and Recreation group (-1.24% to -0.88%). In this spending group, it is worth noting the behavior of Airfares, whose rate went from -13.35% to -8.82%.

The following groups also recorded increases in their rates of variation: Food (0.81% to 1.01%), Housing (-0.13% to 0.04%), Health and Personal Care (0.25% to 0.40%), Transportation (-0.02% to 0.05%), and Miscellaneous Expenses (0.00% to 0.01%). In these spending groups, the following items saw notable results: Vegetables (7.58% to 8.60%), Residential Electricity Charges (-1.35% to -0.60%), Hygiene and Personal Care Items (0.06% to 0.62%), Gasoline (-1.11% to -0.98%), and Cell Phone Repairs (0.46% to 0.63%).

On the other hand, the Clothing group’s variation rate fell (from 0.01% to -0.28%). The main upward driver in this spending category was the Clothes item (0.01% to -0.39%).

The Communication group’s rate of variation remained the same, at 0.09%. The main positive driver was Streaming Services (0.13% to 0.24%), while the biggest negative influence was Residential Phone Charges (0.96% to 0.91%).

The complete study is available here

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