IPCA15
Inflation preview was 0.99% in February, the highest rate for the month since 2016
February 23, 2022 09h00 AM | Last Updated: February 24, 2022 07h31 PM
The beginning of the school year brought impact on February's IPCA 15 - Photo: Rovena Rosa / Agência BrasilThe Extended National Consumer Price Index 15 (IPCA-15), which is the official inflation preview, was 0.99% in February - 0.41 percentage points (pp) above the January rate (0.58%). This is the biggest change for a February since 2016 (1.42%).
In the year, the IPCA-15 accumulates a high of 1.58% and, in 12 months, of 10.76% - above the 10.20% registered in the 12 previous months. In February 2021, the rate was 0.48%. The data were released today (February 23) by the IBGE.
Of the nine groups of products and services surveyed, eight had positive changes. The exception was Health and personal care, whose prices retreated 0.02%, after a 0.93% high in January. The biggest change (5.64%) and the biggest impact (0.32 pp) came from the group Education. Next, came Food and beverage (1.20% and 0.25 pp), which accelerated in the comparison with the previous month (0.97%) and Transportation, which rose 0.87% after decrease of 0.41% in January and contributed to 0.19 pp in February. The other groups stood between the 0.15% of Housing and the 1.94% of Household articles.
With the highest change (5.64%) among the groups, the segment of Education had an impact of 0.32 pp on the IPCA-15, of which 0.28 pp came from the high in regular courses (6.69%), due to the increases usually made in the beginning of the school year. The greatest changes came from primary education (8.03%), preschool education (7.55%), secondary education (7.46%), daycare (6.47%) and higher education (5.90%) Technical courses and Postgraduate courses rose 4.40% and 2.93%, respectively.
Another highlight was Food and Beverages, with a 1.20% high in February, accelerating compared to the result seen in January (0.97%). The biggest highs came from some tubers, roots and vegetables, such as carrots (49.31%) and potatoes (20.15%). It is worth mentioning that Food and Beverages is the group with the second weight over the IPCA-15, with nearly 21% of the total.
With a high of 0.87%, the Transportation group had as highlights own vehicles (2.01%): new cars (2.64%), motorcycles (2.19%) and used cars (2.10%). In turn, fuels recorded stability in February (0.00%): whereas diesel fuel (3.78%) and gasoline (0.15%) increased, ethanol (0.15%) and vehicle gas (-0.36%) recorded decreased.
Except for Porto Alegre (-0.11%), all the areas surveyed rose in February. The highest result occurred in the metropolitan area of São Paulo (1.20%), influenced by the highs of regular courses (6.39%) and of new cars (2.24%). In the metropolitan area of Porto Alegre (-0.11%), the result was leveraged by electricity (-7.05%) and gasoline (-4.89%).
More about the IPCA-15
The National System of Consumer Price Indexes – SNIPC continuously and systematically produces consumer price indexes. Having been released on the Internet since May 2000, the IPCA-15 differs from the IPCA only in the period of price collection, which is usually from day 16 of the previous month until day 15 of the reference month, as well as in the geographic coverage.
Today, the target population of the IPCA-15 encompasses households with earnings between 1 and 40 minimum wages, whatever the source, living in 11 urban areas of the regions included in the SNIPC, which are: metropolitan areas of Belém, Fortaleza, Recife, Salvador, Belo Horizonte, Rio de Janeiro, São Paulo, Curitiba, Porto Alegre, as well as the Federal District and the municipality of Goiânia.
