Inflation back to 0.20% in March, according to IBGE
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The country's official inflation, measured by the National Index of Consumer Prices Wide (IPCA), retreated to 0.20% in March, at the rate of 0.55% recorded in February. According to data released this Wednesday (08) by the Brazilian Institute of Geography and Statistics (IBGE), the change in March is the lowest since September 2007, when the IPCA was 0.18%.
According to the IBGE, the deceleration of inflation in March was driven by the education group, whose prices were falling from 0.37% at the high of 4.77% from the previous month due to increases in the price of tuition and school materials.
We also have drop in March the price of group transport, such as urban bus fares (from 1.03% to 0.11%), intercity bus (from 1.61% to 0.21%) and alcohol fuel (from 1.23% to 1.23%).
In group health and personal care have dropped the prices of medical and dental services (from 1.46% to 0.38%) and services of hospitals and laboratories (from 0.84% to 0.30%).
The prices of food and drink had a slight rise, from 0 27% to 0.30% in February to move in March. Have the articles of clothing rose 0.70% after a fall of 0.24% in February.
In the quarter
In the first quarter of the year, the IPCA accumulated high of 1.23% and is below the rate of 1.52% on the same period last year. In the last 12 months, the high rate is 5.61%. The target for inflation for the year, set by the Central Bank is 4.5%, with a margin of error of two percentage points up and two down.
To calculate the IPCA, the IBGE collects prices of products consumed by households with monthly income of 1 to 40 minimum wages and living in the region of Curitiba, Recife, São Paulo, Brasília, Belém, Porto Alegre, Goiânia, Fortaleza, Belo Horizonte, Rio de Janeiro and Salvador.
Source: State Agency
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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