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January 3, 2023
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Inflation by the IPC-S varies 0.35% in the fourth four-week period of December

Inflation by the IPC-S varies 0.35% in the fourth four-week period of December

Inflation measured by the Consumer Price Index – Weekly (IPC-S) rose 0.35% in the fourth quadrissemana of December, accumulating an increase of 4.28% in 12 months. The data were disclosed today (2) by the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV/Ibre).Inflation by the IPC-S varies 0.35% in the fourth four-week period of December

The survey, which surveyed prices between the 1st and 31st of December, compared to those collected between the 1st and 30th of November 2022, pointed out that four of the eight expense classes that make up the index had a drop in their rates of change. The major contribution came from the transport group, which changed from 0.24% in the third four-week period of December to -0.07%. The main variation occurred in gasoline, whose price was 1.21% cheaper, after falling 0.09% in the previous survey.

There was a deceleration in the increase in the rate of the groups food (0.98% to 0.73%), housing (0.40% to 0.31%) and miscellaneous expenses (0.09% to 0.03%). The highlights were vegetables (8.90% to 5.17%), residential electricity (1.19% to 0.43%) and pet food (1.61% to 0.95%).

On the side of accelerations, the education, reading and recreation group changed from -0.29% to -0.07%, communication went from 0.50% to 0.74%, apparel registered 0.72% in the previous measurement and was to 0.87% and health and personal care increased from 0.48% to 0.55%.

Airfare went from -1.74% to -1.05%, monthly fee for cable TV went from 1.04% to 1.40%, children’s shoes registered -0.37% in the previous survey and now it is at 2, 64% and hygiene and personal care items increased from 0.07% to 0.32%.

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