IPC-S falls to 0.57% in November, after rising 0.69% in October, says FGV

The Consumer Price Index – Weekly (IPC-S) rose 0.57% at the close of November, after advancing 0.65% in the third reading of the month and rising 0.69% in October. The information was released this Thursday (1st), by the Getulio Vargas Foundation (FGV).

The indicator accumulates a high of 4.51% in 12 months, less than the advance of 4.59% in the period until the third measurement and lower than the result of 5.05 at the end of October.

The monthly increase was lower than predicted by the 0.64% median of estimates in the survey Broadcast projections🇧🇷 Expectations ranged from 0.55% to 0.66%.

Of the eight expense categories that make up the indicator, four recorded a decrease in their rates between the third four-week period of the month and the end of November, with emphasis on Education, reading and recreation (0.38% to -0.74%). The item with the greatest influence on the group was airfare (0.97% to -3.65%).

Apparel (0.86% to 0.76%), Communication (-0.32% to -0.35%) and Health and Personal Care (0.91% to 0.89%) also cooled down, influenced by order, by men’s footwear (0.96% to 0.42%), residential telephone tariff (0.19% to -0.04%) and medical and dental devices (0.76% to 0.10%).

On the other hand, the groups Food (0.95% to 1.06%), Transport (0.85% to 0.92%), Housing (0.37% to 0.43%) and Miscellaneous Expenses (0. 17% to 0.20%) showed advances in their rates of change. In these expense classes, it is worth mentioning rice and beans (-0.77% to 0.92%), gasoline (1.74% to 2.28%), residential electricity tariff (0.77% to 1.56% ) and pet food (0.76% to 1.25%).

Influences

Airfare (0.97% to -3.65%), long-life milk (-4.80% to -5.23%), cell phone, telephony, internet and cable TV combo (-0. 33% to -0.53%) and mozzarella cheese (-2.52% to -2.89%) were the products that most pressured the IPC-S down between the third reading and the closing of November.

In the other direction, gasoline, residential electricity tariff, onions (19.15% to 24.62%), tomatoes (18.73% to 19.05%) and health plan and insurance (1.14% to 1. 13%) were the items with the greatest positive influences.

Source: CNN Brasil

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