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Economic indicators

IPC-S accelerates and reaches highest level since June 2008

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

The Consumer Price Index Weekly (IPC-S) recorded in the third week of January the largest variation of the indicator since June 2008, showed data released this Friday.
According to the Fundação Getúlio Vargas (FGV), responsible for calculating the CPI-S rose 0.80 percent in the third reading in January, compared with 0.69 percent in the previous before.

"This was the highest result since the third week of June 2008, when the index rose 0.89 percent," said the FGV in release.

The costs of food and education were the main contributors to the increase in the rate of CPI-S in the third reading in January.

Food prices were high of 1.10 percent, while expenditure on education were 2.57 percent more expensive.

The third pre-IPC-S was calculated based on prices collected between 16 December 2008 and January 15, 2009.



Source: O Globo Online

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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