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Inflation stays at 0.67% in June, says IBGE

The IPCA (Broad Consumer Price Index) -which measures the country’s official inflation-, stood at 0.67% in June, after a variation of 0.47% registered in the previous month, informed the IBGE (Brazilian Institute of Geography and Statistics) this Friday (8).

In the year, the accumulated inflation is 5.49% and, in the last 12 months, 11.89%, informed the institute.

The increase was mainly influenced by the increase of 0.8% in the food and beverage group, which has great weight in the general index (21.26%).

“The result was influenced by the increase in food prices for consumption away from home (1.26%), with emphasis on meals (0.95%) and snacks (2.21%). In recent months, these items have not followed the increase in household foods, such as carrots and tomatoes, and have remained stable. As well as other services that had repressed demand in the pandemic, there is also a resumption in the search for meals away from home. This is reflected in prices,” said survey manager Pedro Kislanov.

Milk on the rise, carrots on the decline

In food and beverages, long-life milk increased by 10.72% and carioca beans by 9.74%. As a result, food for consumption at home rose 0.63%.

But, according to the IBGE, there was also a drop in important items in this group, such as carrots, whose prices had already fallen in May (-24.07%) and continued to decline in June (-23.36%).

Among the other essential items on the Brazilian table that had a reduction are onions (-7.06%), potatoes (-3.47%) and tomatoes (-2.70%).

For the researcher, there are two factors that influence the decline of these foods. The first is the seasonal component, since in the first three months of the year it is still summer and there is rain. “This can harm production and, as a consequence, there is an increase in prices. From April and May onwards, the weather starts to get dry and this improves production, supply increases and prices fall.”

Another point, stated Kislanov, is that these foods had a large price increase in the first months of the year. “With the baseline high, it’s normal for them to back off.”

Readjustment of health plans

Another factor that influenced the result of the index in June was the increase in health plans.

“In May, the ANS (National Supplementary Health Agency) authorized the readjustment of up to 15.5% in individual plans, effective from May and the cycle ending in April 2023. In the IPCA, there was, in June, the appropriation of the monthly installments for May and June, which greatly impacted this result”, he said.

The health plan was the biggest individual impact on the index for the month and boosted the 1.24% increase in the health and personal care group.

Airline tickets accumulate a 122% increase in the year

In transport, the group with the greatest weight in the general index, the increase was 0.57%, a deceleration compared to the previous month (1.34%).

In June, the result was impacted by the 1.2% drop in fuels. Gasoline prices, the most important individual item in the IPCA, dropped 0.72%, while ethanol prices dropped 6.41% and diesel prices rose 3.82%.

But the biggest change (11.32%) in the group came from air tickets, which accumulated a high of 122.40% in the year.

Clothing and housing on the rise

In clothing, which had the greatest variation among the groups surveyed by the IPCA (1.67%), the highlights were men’s clothing (2.19%) and women’s clothing (2%). The prices of children’s clothing (1.49%) and footwear and accessories (1.21%) also increased in June.

“This group has been increasing month after month. One of the explanations is the increase in the prices of raw materials, especially cotton. There is also the indirect influence of other factors, such as rising fuel prices”, says the expert.

In the case of the housing group, the inflation of 0.41% is explained, according to the institute, by the readjustments of the water and sewage rate (2.17%) in some regions of the country, such as Belém, São Paulo, Campo Grande and Curitiba. .

Electricity fell by 1.07%, after having fallen by 7.95% in May. Since April, the green tariff flag has been in effect, in which there is no additional charge for electricity.

INPC has a high of 0.62% in June

The rise of the National Consumer Price Index (INPC) was 0.62% in June, above the one registered in the previous month (0.45%). The index accumulates a high of 5.61% in the year and 11.92% in the last 12 months.

Food products increased from 0.63% in May to 0.78% in June. Non-food items went from 0.39% to 0.57%.

Source: CNN Brasil

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