Brazil Annual Inflation Up to 5.53% in November
The Extended National Consumer Price Index (IPCA) recorded an annual change of 5.53% in November, above the 5.45% relative to the 12 immediately previous months. Considering the last month the rate was at 0.60%, very close to the 0.59% rate recorded in October.
Food products, with 0.79%, although still up, posted a deceleration in the growth rate, rising less than in the previous month, which recorded the highest change of the year until now, 1.36%. Meat (from 2.04% in October to 0.40% in November) and other products presented a reduction in the rate from one month to the other, some products became even cheaper.
The group transportation rose to 0.68% (0.24% in October) influenced by airfare. It costed, on average, 11.80% more in November and became the main impact of the month (0.06 percentage points), whereas, in October, the change was of 1.62%. The group was influenced, as well, by gasoline, which came from 0.75% to 1.18%, by ethanol’s price, whose 0.04% change in October moved to 0.63% in November, and by new automobiles, coming from 0.32% to 0.52%.
The expenses with housing rose from one month to the other (from 0.38% to 0.64%), mostly due to electricity, which went to 1.38% in November after the 0.24% fall recorded in October. Just as housing, personal expenses also increased, changing from 0.10% in October to 0.53% in November. In the group household articles (from 0.37% in October to 0.47% in November), it is worth highlighting the group furniture, which went to 1.11%, after recording a 0.58% change in October. As to apparel (from 1.09% in October to 0.86% in November) and health and personal care (from 0.48% to 0.32%), the results were below the ones seen in October, while education(0.05%) and communication (0.31%) stood with the exact same results as the previous months’.