Today: November 8, 2024
November 8, 2024
1 min read

Official inflation rises to 0.56% in October, says IBGE

Brazil exports 31 thousand tons of cookies in the first half of 2024

The Broad National Consumer Price Index (IPCA), which measures official inflation, recorded a rate of 0.56% in October this year. The rate is higher than those observed in the previous month (0.44%) and in October 2023 (0.24%). The data was released this Friday (8) by the Brazilian Institute of Geography and Statistics (IBGE).Official inflation rises to 0.56% in October, says IBGE

As a result, the IPCA accumulates an inflation rate of 4.76% in 12 months, above the 4.42% observed in September and above the inflation target ceiling (4.50%), established by the National Monetary Council (CMN). ) for this year. In the first ten months of the year, the IPCA accumulated a rate of 3.88%.

The inflation rate in August was driven mainly by spending on housing and food. The housing expense group had a price increase of 1.49%, influenced by the rise in the cost of electricity, which rose 4.74%, with the implementation of red tariff flag 2, from October 1st.

The food and beverages group had a price change of 1.06%, driven mainly by the increase in meat (5.81%). Among the types of meat with the highest increases, chuck (9.09%), rib (7.40%), sirloin (6.07%) and rump (5.79%) stand out. Other foods with price increases were tomatoes (9.82%) and ground coffee (4.01%).

Transport was the only expense group with deflation (price drop): -0.38%. The group’s result was influenced by declines in the prices of airline tickets (-11.50%), train (-4.80%), subway (-4.63%), urban bus (-3.51%), ethanol (-0.56%), diesel oil (-0.20%) and gasoline (-0.13%).

Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

$100,000 Bonus: Who are the seniors who can receive this benefit with only 5 requirements?
Previous Story

The news that will cheer up pensioners in Chile before the end of 2024

Judge in the US annulled legal status of undocumented migrants married to Americans
Next Story

Judge in the US annulled legal status of undocumented migrants married to Americans

Latest from Blog

Go toTop