IPCA
With the rise in electricity bills, IPCA accelerates to 0.44% in September
October 09, 2024 09h00 AM | Last Updated: October 10, 2024 04h43 PM
The country's inflation accelerated to 0.44% in September, rising 0.46 percentage points (pp) compared to the previous month (-0.02%). The result was influenced by increases in the Housing group (1.80%), after an increase in residential electricity fees, which went from -2.77% in August to 5.36% in September, and in the Food and beverage group (0.50%), which rose after two consecutive months of declines. In the year, the cumulative inflation is 3.31% and, in the last 12 months, 4.42%. The data are from the Extended National Consumer Price Index (IPCA), released today (9) by the IBGE.
Survey manager André Almeida highlights the influence of the residential electricity tariff flag on the results of the Housing group. “The change in the tariff flag from green in August, when there was no additional charge on electricity bills, to red level one, due to the level of the reservoirs, was the main reason for this increase. The red level one flag adds approximately R$4.46 for every 100 kWh consumed”, he explains. The item had an impact of 0.21 pp on the general index in September.
The Food and beverage group recorded an increase of 0.50%, with a rise in prices for food at home (0.56%), after two consecutive months of declines. Mr. Almeida points out that this result was influenced, to a large extent, by the increase in the prices of beef and some fruits, such as oranges, lemons and papayas.
“Speaking specifically of meat, the severe drought and dry weather were factors that contributed to the decrease in supply. It is important to remember that we have seen declines throughout almost the entire first half of 2024, with a high number of slaughters. Now, the off-season period is being intensified by the weather”, analyzes the manager.
Food away from home, with an increase of 0.34%, registered a change close to that of August (0.33%). The meal sub-item slowed from 0.44% to 0.18%, while snacks accelerated from 0.11% to 0.67%.
On the other hand, the sharpest drop (-0.31%) and with the greatest impact (-0.03 pp) in September came from Personal expenses. The cinema, theater and concerts sub-item registered a drop of 8.75% and an impact of -0.04 pp on the general index.
“In September, there was "the movies week", a national promotional campaign in which several cinema comapnies around the country offered promotional prices during the week. These promotions contributed to a drop of over 8% in this subitem”, explains Mr. Almeida.
Inflation remains positive in all areas surveyed
Regionally, all areas surveyed showed positive results in September. The largest change occurred in Goiânia (1.08%), influenced by the increase in gasoline (6.24%) and residential electricity (4.68%). The smallest change occurred in Aracaju (0.07%), due to the declines in onions (-25.07%), tomatoes (-18.62%) and gasoline (-1.68%).
INPC rises 0.48% in September
The National Consumer Price Index (INPC) rose 0.48% in September, 0.62 pp above the result observed in August (-0.14%). In the year, the INPC has accumulated an increase of 3.29% and, in the last 12 months, of 4.09%, above the 3.71% observed in the preceding 12 months. In September 2023, the rate was 0.11%.
Food products rose 0.49% in September, after two consecutive declines. In turn, the change of non-food products accelerated from 0.02% in August to 0.48% in September.
As for regional indexes, Goiânia recorded the highest increase (1.05%), due to gasoline (6.24%) and residential electricity (4.73%). The smallest variation was observed in Aracaju (0.08%), due to the declines in the prices of onions (-25.07%), tomatoes (-18.62%) and gasoline (-1.68%).
More about the surveys
The IPCA covers families with incomes of 1 to 40 minimum wages, while the INPC covers families with incomes of 1 to 5 minimum wages, living in the Metropolitan Areas of Belém, Fortaleza, Recife, Salvador, Belo Horizonte, Vitória, Rio de Janeiro, São Paulo, Curitiba, Porto Alegre, as well as the Federal District and the cities of Goiânia, Campo Grande, Rio Branco, São Luís and Aracaju. Data can be accessed on Sidra. The next IPCA result, for October, will be released on November 8.
