The overall national Consumer Price Index 15 (IPCA-15), which measures the country’s official inflation forecast, stood at 0.33 per cent in November this year. The figure was above the previous month’s forecast (0.21 per cent), but below the November 2022 forecast (0.53 per cent). This is reported by
Brasil 247, a partner of TV BRICS.

The data was released in Rio de Janeiro by the Brazilian Institute of Geography and Statistics (IBGE). As a result, IPCA-15 accumulates 4.30 per cent for the year and 4.84 per cent for the 12 months.

Eight of the nine spending groups judged by the IBGE surveys showed price increases in the official inflation forecast for November, with an emphasis on food and beverages (0.82 per cent).

This was the first increase in food prices since the preliminary analysis in May this year, a five-month period.

Foods predominantly bought for home cooking rose by 1.06 per cent, led by increases in the prices of items such as onions (30.61 per cent), potatoes (14.01 per cent), rice (2.60 per cent), fruits (2.53 per cent) and meat (1.42 per cent). Out-of-home eating out rose in price by 0.22 per cent, with main menu prices increasing by 0.22 per cent and snacks by 0.35 per cent.

The personal expenditure group (0.52 per cent) also saw significant price increases in the November preliminary survey due to increases in travel packages (2.04 per cent), accommodation (1.27 per cent) and banking services (0.63 per cent); and transport (0.18 per cent), mainly due to airfares (19.03 per cent) and taxis (2.60 per cent).

Communications was the only expenditure group to experience deflation (price fall) over the period, at minus 0.22 per cent. The other groups that experienced inflation were clothing (0.55 per cent), household goods (0.24 per cent), housing (0.20 per cent), health and personal care (0.08 per cent) and education (0.03 per cent).

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