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November 8, 2024
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Inflation for families with the lowest income is 0.61%

Inflation for families with the lowest income is 0.61%

The National Consumer Price Index (INPC), which measures the variation in the shopping basket for families with an income of up to five minimum wages, recorded inflation of 0.61% in October this year. The rate was above the 0.48% in September this year and the 0.12% in October last year.Inflation for families with the lowest income is 0.61%

The INPC was above that recorded by the Broad National Consumer Price Index (IPCA), which measures the country’s official inflation and which was 0.56% in the period. Year-to-date, the INPC recorded a rate of 3.92%, also above the IPCA (3.88%).

In the 12-month period, however, the INPC, with a rate of 4.60%, was below the IPCA (4.76%).

In October, food products had inflation of 1.11%, while non-food products had a price increase of 0.45%.

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