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Previous official inflation registers lower accumulated level since 1998

IPCA-15

Extended Consumer Price Index shows variation of 0.11% in September and accumulates 2.56% in the last 12 months

In line with the process of falling prices, the official inflation forecast, as measured by the Broad Consumer Price Index (IPCA-15), changed by 0.11% in September and accumulated 2.56% in the last 12 months. This is the lowest level on this basis since 1998.

The result is also the lowest for September since 2006, when the rise was 0.05%. In the accumulated index of the year, the indicator advanced 1.90%, also the lowest level in the period since 1998.  The data were released on Thursday (21), by the Brazilian Institute of Geography and Statistics (IBGE).

Some declines were important for the index to reach this level. In food and beverage prices , there was a significant fall of 0.94%. The values ​​of food for home consumption were 1.54% cheaper. Tomatoes (-20.94%), carioca beans (-11.67%), garlic (-7.96%) and long-life milk (-3.83%) were the main influencers in the period.

On the other hand, the transport sector registered growth of 1.25%, due to the increase in gasoline prices (+ 3.43%) and ethanol (+ 3.76%).

Lower cost of living

In the last 12 months ending in August, official inflation fell from 2.71% to 2.46%, the lowest in 18 years. With this, the expectation of the financial market is that inflation ends the year at 3.08%.

This means relief in the consumer's pocket and a larger table in the household, as lower prices translate into a lower cost of living.

Source: Portal Brasil, with information from  IBGE  and  Central Bank