Clipping of news on Brazilian Culture, Law and Citizenship
12/03/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Official inflation , measured by the National Consumer Price Index (IPCA ) , stood at 0.69 % in February this year . The rate is higher than those observed in January ( 0.55 % ) and February 2013 ( 0.6 % ) . The data was released today ( 12 ) by the Brazilian Institute of Geography and Statistics ( IBGE ) . The index collects rates from 1.24% in one year and 5.68 % in 12 months .
The IPCA is designed to measure inflation in a suite of products and services sold at retail , for the personal consumption of households , whose income varies from 1 to 40 minimum wages , whatever the source of income . Since June 1999 , the index is used by the Central Bank of Brazil for monitoring the objectives established in the inflation targeting system , and is considered the official inflation index of the country.
The February high was driven primarily by spending on education , which had inflation of 5.97 % in the month . The reason is that , in February , traditionally the adjustments are incorporated in the price of tuition for courses and schools .
The cost of early childhood education rose 11.36 % , while the elementary school has increased 10.01% . The high school tuition rose 10.01% . Despite the high , the average increase of the regular courses this year ( 4.86 % ) was lower than that observed in February last year ( 7.57 % ) .
Foods recorded an inflation of 0.56 % in February . Despite being smaller than that observed in January ( 0.84 % ) , the rate of feeding group had the second largest impact on the IPCA of February.
Source : Brazil Agency
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This article was translated by an automatic translation system, and was therefore not reviewed by people.