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Inflation for lower-income families rises 0,47% in June.

Inflation, as measured by the National Consumer Price Index (INPC), which covers price variations for lower-income families (earning 1 to 6 minimum wages), closed June with an increase of 0,47%. Although this rate was almost half the 0,98% increase in May, it is 0,12 percentage points higher than the increase in the Broad Consumer Price Index (IPCA), which covers higher-income families (earning up to 40 minimum wages) and which ended June with a variation of 0,35%.

Tomatoes at Comper. Photo: Valdenir Rezende 12-09-2012 (Photo: Paulo Emílio)

Nielmar de Oliveira, reporter for Agência Brasil -  Inflation, as measured by the National Consumer Price Index (INPC), which covers price variations for lower-income families (earning 1 to 6 minimum wages), closed June with an increase of 0,47%. Although this rate was almost half the 0,98% increase in May, it is 0,12 percentage points higher than the increase in the Broad Consumer Price Index (IPCA), which covers higher-income families (earning up to 40 minimum wages) and which ended June with a variation of 0,35%.

Data released today (8) by the Brazilian Institute of Geography and Statistics (IBGE) indicates that, with the increase in June, the INPC closed the first half of the year with an accumulated increase of 5,09%, well below the 6,8% recorded in the same period of 2015, but also above the 4,42% of the IPCA of the same period: 0,67 percentage point. The INPC accumulated in the last twelve months was 9,49%, below the 9,82% relative to the twelve months immediately preceding. In June 2015 the INPC closed at 0,77%.

Food

Food products showed a 0,83% increase in June, the same variation as in May. The non-food group had a variation of 0,31% in June, well below the 1,05% rate in May.

Among the regional indices, the highest was that of Campo Grande, with 0,81%, driven by a 2,75% increase in food purchased for home consumption, well above the national average (0,87%). The Porto Alegre metropolitan region showed the lowest index: 0,08%.

The INPC uses the same methodology as the IPCA, covering the same metropolitan regions and municipalities, and with the same periodicity, but it only affects families with incomes up to 5 minimum wages.