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January 10, 2023
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Official inflation closes 2022 at 5.79%

Official inflation closes 2022 at 5.79%

The Extended National Consumer Price Index (IPCA), which measures official inflation, closed 2022 with a rate of 5.79% accumulated in the year. The index was below the 10.06% accumulated in 2021, according to data released today (10) by the Brazilian Institute of Geography and Statistics (IBGE).Official inflation closes 2022 at 5.79%

Accumulated inflation in 2022 was driven mainly by food and beverage prices, which rose 11.64% in the year, up from 7.94% in 2021. Spending on health and personal care also had an important impact, which remained 11 .43% more expensive. The clothing expenditure group, in turn, had the highest change in the month: 18.02%.

Transport helped to curb the 2022 IPCA, registering a deflation (price drop) of 1.29% in the year. This group of expenses had accumulated inflation of 21.03% in the previous year.

The communication group also ended the year with deflation: -1.02%. The other groups had the following inflation rates in the year: household goods (7.89%), personal expenses (7.77%), education (7.48%) and housing (0.07%).

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