Price for Children's Day exceeds average inflation
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Inflation of products and services consumed in purchases related to the Children's Day is above the average inflation for the period. This is what the special survey of the Getúlio Vargas Foundation (FGV) released today. According to the survey, the cumulative rate of price change in 12 months to September of products and services related to Children's Day was 6.66% by September. In the same period, the Index of Consumer Prices (CPI), which measures retail inflation rate, showed an increase of 5.02%.
To determine the inflation related to the Children's Day, FGV researched prices of 15 products and services consumed in this time. The foundation has also shown what would be the average inflation rate for each type of expenditure. We performed a selection of products, which were classified into three types of spending: spending on leisure spending on gifts and apparel shop. The cumulative rate at 12 months of price variation of each of these groups was 5.98%, 0.26% and 4.88% respectively, until September. That is, in general, purchases of leisure related to Children's Day are those that are positioned above the average inflation for the period, measured by the CPI.
According to FGV in considering the list price of selected products in the survey, the most significant high accumulated in 12 months to September were found in the price of theater (7.29%), sandwiches (7.28%) and football, volleyball and basketball (11.33%). Since the most significant price declines were detected in the video game apparatus (-3.19%), cellular handset (-14.25%), and play for recreation (-0.63%).
Source: State Agency
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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