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Economic indicators

Cheap flights and petrol help slow inflation in January, says IBGE

02/07/2014

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

 

 

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RIO - Brazilian inflation began the year downturn . The Consumer Price Index (IPCA ) , considered the official inflation rate in the country , closed on January high of 0.55 % , IPCA This was the lowest for January since 2009, when the index was 0.48 % . In December , the index had reached 0.92 %, the highest variation for a month since April 2003, according to data released Friday by the IBGE . The 12-month cumulative decelerated from 5.91 % in December to 5.59 % in January.

- The IPCA fell rather strongly from December to January , a 40 % rate , which is a significant reduction - said the coordinator of the IPCA , Eulina Nunes, who also highlighted the widespread reduction in 13 metropolitan areas .

The group Transportation was primarily responsible for the slowdown in inflation from December to January , with deflation of 0.03 %, compared to inflation of 1.85 % in December. The price of airline tickets fell 15.88% , compared to a high of 20.13 % in December. And gasoline rose 0.60 % , while in December had risen 4.04 % , reflecting the high fuel refinery on Nov. 30 . The high price of fuel slowed in December from 4.12 % to 0.77 % in January.

The Apparel Group had deflation of 0.15 % in January after rising 0.80 % , reflecting the settlement period after the end of the year .

The increased pressure of high inflation came from food prices , which rose 0.84 % in January , compared with a 0.89 % in December. The single largest impact was the meat item , which rose 3.07 % . Other food products became more expensive in January. The carrot went up 20.72 % , compared to a high of 6.02 % in December. Açaí , in turn , ran 18.80 , after rising 3.51 % the previous month . The onions became 16.11 % more expensive last month , after rising 7.24 % in December. At 12 months, however, records deflation of 6.40% . The price of vegetables rose 6.01 % in January , compared to 2.19 % in December.

The group Personal Expenses accelerated from 1 % in December to 1.72 % in January. Three items had a strong influence : cigarette, which increased from 0.57 % in December to 7.79 % in January , Tour , which went from 8.89 % to 9.26 % and domestic workers , from 0.86 % to 1 03 % , all in the same comparison .

The largest single contribution to inflation of 0.55 % from January cigarette was an impact of 0.08 percentage points , reflecting adjustments made throughout the month for some brands in some regions .

New regions included in the survey

This is the first release of the IPCA in which are included the metropolitan region of Vitória ( ES ) and the municipality of Campo Grande ( MS ) . By December, the price index including the metropolitan areas of Belém , Fortaleza , Recife , Salvador , Belo Horizonte , Rio de Janeiro , Sao Paulo , Curitiba and Porto Alegre , besides Brasília and Goiânia .

The municipality of Campo Grande has a weight of 1.51 % in the formation of inflation , while the share of the metropolitan region of Vitória is 1.78 % . To get an idea , São Paulo has a weight of 30.67% and Rio de Janeiro , of 12.06 % .

Most high inflation in metropolitan areas was in Curitiba , 0.77 % compared to 0.86 % in December. Brasilia , in turn , deflation of 0.07 % , compared with a 1.01 % price in the previous month . Prices rose 0.56 % and 0.41 % in Victoria in Campo Grande .

The IPCA -15 of January, a kind of preview of the official inflation was 0.67 % , down from 0.75 % in December . In 2013 , inflation ended the year at 5.91 % , higher than in 2012 when the percentage was 5.84 % . It was the fourth consecutive year in which inflation is above the annual target pursued by the Central Bank ( BC) is 4.5 % , with a tolerance of two percentage points up or down the center .

Food and drinks had the greatest impact in 2013 , up 8.48 % . Alone , the group held 2.03 percentage point , or 34 % of the index . Food away from home rose 10.07% , more than 2012 when the high was 9.51 % . The meal away from home led the individual impacts , with 0.47 point weight.

 

 

 

Source : The Globe - Online

 

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