The IPCA (Extended Consumer Price Index) – which measures the country’s official inflation – accelerated to 1.01% in February, informed the Brazilian Institute of Geography and Statistics (IBGE) this Friday (11).
The index was 0.47 percentage point above the one registered in January, when it had risen 0.54%. In the year, the IPCA accumulates a high of 1.56% and, in 12 months, of 10.54%, well above the ceiling of this year’s target of 3.5%, with an interval of 1.5 pp to accommodate shocks.
The groups Education and Food and Beverages were the biggest impacts in the period, with monthly rates of 5.61% and 1.28%, respectively. Together, the two groups represented around 57% of the IPCA in February, highlights the research manager, Pedro Kislanov, in a note.
“In February, the readjustments usually practiced at the beginning of the school year are incorporated into the IPCA. Therefore, this was the item that had the greatest impact in the month, with a weight of 0.31 percentage points. The other group that weighed heavily in the month was Food and Beverages, which accelerated to 1.28% and contributed 0.27 percentage points. together,” he says.
*In update
Source: CNN Brasil
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