With food's price rise, November IPCA-15 increases to 0.33%
November 28, 2023 09h29 AM | Last Updated: November 28, 2023 02h56 PM
Inflation preview stayed at 0.33% in November, 0.12 percentage points (pp) lower than that of October, when it changed 0.21%. The result was highly influenced by the high in the Food and beverage group (0.82%), which represented 0.17 pp of the general index. However, the greatest individual impact was recorded by the subitem airfare (0.16 pp), which increased by 19.03%. The Extended National Consumer Price Index 15 - IPCA-15, was released today (November 28) by the IBGE.
The cumulative IPCA-15 in the year was 4.30% whereas, in the last 12 months, it was 4.84%, above the rate of 5.05% registered in the previous 12 months. The rate in November 2022 was 0.53%.
Among the nine groups surveyed, eight recorded high in November. In the group Food and beverages, food at home rose 1.06% in November, after five drops in a row. This result was a consequence of the highs in onions (30.61%), potatoes (14.01%), rice (2.60%), fruit (2.53%) and meat (1.42%). On the other hand, carioca beans (-4.25%) and long-life milk (-1.91%) had price declines.
Other groups that stood out were among the highs were Personal expenses (0.52%) and Transportation (0.18%), which contributes with, respectively, 0.05 pp and 0.04 pp.
The group Personal expenses was influenced by the high in tour package (2.04%), lodging (1.27%) and bank service (0.63%) In Transportation, airfare rose 19,03% and had the biggest individual impact on the monthly index (0.16 pp) and the subitem taxi was another highlight, with a high of 2.60%. On the other hand, fuels fell (-2.11%), with reduction in the prices of ethanol (-2.49%), gasoline (-2.25%) and vehicular gas (-0.57%), while diesel fuel (1.12%) increased.
The other groups recorded the following results: Housing, change of 0.20% and impact of 0.03 pp; Household articles, 0.24% and 0.01 pp; Wearing apparel, 0.55% and 0.03 pp; Health and personal care, 0.08% and 0.01 pp; Education, 0.03% and 0.00 pp and Communication, -0.22% and -0.01 pp, which fell for the third consecutive month.
Brasilia records the biggest high and Salvador, the highest retreat
As for the regional indexes, nine areas increased in November. The biggest change was recorded in Brasília (0.61%), due to the highs in airfare (13.47%) and residential electricity (6.70%). On the other hand, the lowest change occurred in Salvador (-0.12%), influenced by the drop in the prices of gasoline (-4.00%).
More about the survey
To calculate the IPCA-15, the methodology is the same as the one used for the IPCA; the difference lies in the period of price collection and in the geographic coverage. In order to estimate IPCA-15, the prices collected from October 14 to November 14 (reference) were compared with the prices in force from September 15 to October 13 (base).
The indicator refers to households with monthly income of 1 to 40 minimum wages and it encompasses the metropolitan areas of Rio de Janeiro, Porto Alegre, Belo Horizonte, Recife, São Paulo, Belém, Fortaleza, Salvador, Curitiba, besides Brasília and the municipality of Goiânia. Please take a look at the complete results on Sidra. The next release of the IPCA-15, related to November, will be on December 28.
