IPCA-15
Inflation preview for August stands at 0.19%
August 27, 2024 09h00 AM | Last Updated: August 27, 2024 05h18 PM
The August inflation preview was 0.19%, after a rate of 0.30% recorded in July. The National Extended Consumer Price Index 15 (IPCA-15), released today (27) by the IBGE, indicates that the largest change (0.83%) and the greatest impact (0.17 percentage points) came from the Transportation group. Next, Education (0.75% and 0.05 pp) and Household Articles (0.71% and 0.03 pp) stand out.
In the last 12 months, the IPCA-15 change was 4.35%, below the 4.45% observed in the previous 12 months. In August 2023, the rate was 0.28%.
Of the nine groups of products and services surveyed, eight increased in August. The Food and beverage group (-0.80% and -0.17 pp) showed a decline for the second consecutive month.
In the Transportation group (0.83% and 0.17 pp), the result was influenced by fuels (3.47%), mainly gasoline (3.33% and 0.17 pp). Ethanol (5.81%), vehicle gas (1.31%) and diesel fuel (0.85%) also showed increases. On the other hand, airfares recorded a drop in prices (-4.63% and -0.03 pp).
In Education (0.75%), regular courses rose 0.77% mainly due to the subitems higher education (1.13%) and primary education (0.57%). The increase in miscellaneous courses (0.47%) was mainly influenced by language courses (0.96%).
“In the Housing group (0.18%), the main impact came from bottled gas (1.93% and 0.02 pp). Also noteworthy is the increase in water and sewage rates (0.13%), which is a result of the following tariff adjustment: an average reduction of 0.61% in São Paulo (-0.47%), starting on July 23; an increase of 5.81% in Salvador (2.71%), starting on August 1; and a rise of 8.05% in Fortaleza (2.68%), starting on August 5. The result of the piped gas subitem (0.17%) is a result of the 2.77% increase in Rio de Janeiro (1.27%), starting on August 1; and the change in the structure of consumption bands in Curitiba (-1.72%).”
Also in Housing, residential electricity went from 1.20% in July to -0.42% in August, with the return of the green tariff flag. In addition, the following adjustments were observed: an average reduction of 2.43% in the rates of one of the energy concessionaires in São Paulo (-1.19%), starting on July 4; and a reduction of 2.75% in Belém (-1.44%), starting on August 7.
In the Food and Beverage group (-0.80%), food at home (-1.30%) showed a more intense drop than in July (-0.70%). The declines in tomatoes (-26.59%), carrots (-25.06%), potatoes (-13.13%) and onions (-11.22%) contributed to this result. Among the subitems that were on the rise, ground coffee (3.66%) stands out.
Food away (0.49%) accelerated in relation to July (0.25%), due to the sharper increases in snacks (from 0.24% in July to 0.76% in August) and meals (0.23% in July to 0.37% in August).
As for regional indexes, eight areas of coverage saw an increase in August. The greatest change was observed in Recife (0.50%), due to the increase in gasoline prices (6.01%). The lowest result occurred in Salvador (-0.11%), which recorded a drop in the prices of tomatoes (-30.33%) and onions (-13.73%).
More about the survey
In order to calculate the IPCA-15, prices were collected from July 16 to August 14, 2024 (reference) and compared with those in effect from June 15 to July 15, 2024 (base). The indicator refers to families with incomes of 1 to 40 minimum wages and covers the Metropolitan Areas of Rio de Janeiro, Porto Alegre, Belo Horizonte, Recife, São Paulo, Belém, Fortaleza, Salvador and Curitiba, as well as Brasília and the city of Goiânia. See the full results on Sidra. The next release of the IPCA-15, for September, will be on September 25.
