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).
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%).
