IPC-S shows lower inflation in the first week of February
Three of the eight expense categories that comprise the index recorded lower price variation rates compared to the previous period.
Published by FGV’s Brazilian Institute of Economics (IBRE), the Weekly Consumer Price Index (IPC-S) varied 0.61% on February 8 – 0.08 percentage point (p.p.) below the last published rate.
Three of the eight expense categories that comprise the index recorded lower price variation rates compared to the previous period. The Food group was the main contributing factor (0.39% to 0.20%). In this expense category, it is also important to mention the behavior of the beef item, which varied from 0.28% to -0.73%.
The following groups also recorded lower price variation rates: Education, Reading, and Recreation (4.15% to 3.34%) and Communication (0.47% to 0.41%). In these expense classes, it is also important to highlight the behavior of the following items: formal courses (9.80% to 7.01%) and mobile phone rate (1.18% to 1.00%), respectively.
On the other hand, the Housing (0.29% to 0.34%), Health and Personal Care (0.35% to 0.39%), Clothing (-0.27% to -0.13%), and Miscellaneous Expenses (0.39% to 0.40%) groups showed higher variation rates. The main drivers of the variation in these categories were household power rate (-0.54% to -0.34%), hygiene and personal care items (-0.53% to -0.11%), footwear (0.16% to 0.67%), and notary office (4.85% to 5.46%), respectively.
The Transport group recorded the same price change as in the last assessment: 0.82%. The main upward and downward drivers were new car (0.46% to 0.77%) and city bus fare (2.69% to 2.32%), respectively.
The complete study is available on the website.
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