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Inflation varies 0.16% in September and accumulated in the year is the lowest since 1998

IPCA

Food and beverage group fell for the fifth consecutive time, pulling prices down

Driven by cheaper food and housing prices, the Extended Consumer Price Index (IPCA), which measures the country's official inflation, varied by 0.16% in September. In the year, the accumulated was 1.78%, well below the 5.51% registered in the same period of last year. This was the lowest inflation accumulated until September since 1998, when the index was 1.42%.

In the last 12 months ended in September, inflation accumulated a variation of 2.54%, a slight increase from the previous 12 months. The data were released on Friday (6), by the Brazilian Institute of Geography and Statistics (IBGE).

According to the agency, contributed to the result of the month the fall in food and beverage prices, which fell for the fifth time followed to 0.41%. Housing prices have also become cheaper, especially because of the drop in light bill rates, which fell, on average, 2.48%.

In the case of food, which corresponds to the majority of household expenses, the drop was caused by the lower prices of tomatoes (-11.01%), garlic (-10.42%), Rioja beans (-9.43% ), potato (-8.06%) and long-life milk (-3%).

Already in  the housing group, the light bill pulled the fall, getting 2.48% cheaper. According to the IBGE, the biggest influence came from the change to the yellow tariff rate from September 1, representing an additional charge of R $ 0.02 to each Kwh consumed. 

On the other hand, the transport group was largely responsible for preventing a further deceleration of the September data. This was mainly due to higher fuel prices, which rose 1.91% compared to an average 2.22% increase in gasoline prices.

Source: Government of Brazil, with information from IBGE