Inflation is rising at a slower pace, says FGV.
A survey conducted by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV) in seven capital cities indicates that the Weekly Consumer Price Index (IPC-S) reached a variation of 0,48% in the second preliminary reading for August; this represents an increase of 0,02 percentage points above the previous result (0,46%). The survey shows that inflation slowed down during this period, since in the first preliminary reading, the index had risen from 0,37% to 0,46%.
Marli Moreira, reporter for Agência Brasil - The Weekly Consumer Price Index (IPC-S) reached a variation of 0,48% in the second preliminary reading for August, representing an increase of 0,02 percentage points above the previous result (0,46%). The survey shows that the intensity of the increase decreased, since in the first preliminary reading, the index had risen from 0,37% to 0,46%.
The survey is conducted by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV), in Recife, Salvador, Rio de Janeiro, São Paulo, Belo Horizonte, Brasília and Porto Alegre.
Increases were observed in six of the eight groups surveyed, notably in transportation (from 0,32% to 0,36%) influenced by ethanol (from 0,96% to 2,19%). In health and personal care, the index rose from 0,87% to 0,91%, driven by hygiene and personal care items (from 2,38% to 2,58%).
In the education, reading, and recreation group, there was an increase of 1,10% compared to 1,06%, mainly due to the readjustment of tickets for musical shows (9,49% to 11,87%). In communication, the rate went from 0,18% to 0,55%, with mobile phone tariffs becoming 1,86% more expensive compared to a variation of 0,01%.
Reversing the fall
In the housing sector, the decline reversed from 0,01% to stability. Within this expense category, the largest contribution came from the increase in appliance repair services (0,88% to 1,13%). And in the clothing group, there was a slight increase (from 0,31% to 0,32%), and among the items that most pressured the index was men's shirts (0,73% to 1,00%).
In the two remaining groups, increases were observed at a slower pace than in the previous survey: food (from 0,72% to 0,69%) and miscellaneous expenses (from 0,31% to 0,19%).
The items that most contributed to inflation during the period were: long-life milk (11%); musical show (11,87%); meals in bars and restaurants (0,82%); perfume (4,38%) and health insurance plans (1,05%).
Conversely, the items that most contributed to containing the increase were: potatoes (-18,95%); residential electricity tariffs (-1,67%); onions (-26,75%); tomatoes (-9,91%) and lettuce (-9,13%).