The Extended Consumer Price Index-15 (IPCA-15) changed 0.54% in November and stood 0.11 percentage points below the rate of 0.65% registered in October. As a result, the accumulated indicator in the year reached 5.05%, below the rate of the same period of 2011 (5.96%). Considering the accumulated indicator in 12 months, IPCA-15 was at 5.64%, below the immediately previous 12 months (5.56%). In November of 2011, the rate was 0.46%.

The complete data of IPCA-15 can be accessed at www.ibge.gov.br/english/estatistica/indicadores/precos/ipca15/defaultipca15.shtm. 

The deceleration of IPCA-15 from one month to the other is mostly due to food products, which, although still high, fell from 1.56%, in October, to 0.83% in November, causing a greater change in the group after three months. The prices of important products in the household budgets had a smaller growth. The highlights were rice (from 11.91%, in October, to 6.63%, in November), soybean oil (from 3.01% to 2.21%), pullet (from 4.13% to 1.43%), French roll (from 2.43% to 1.11%) and meat (from 2.92% to 0.54%).  Some food products became cheaper, such as onion (from 9.97% to -8.79%), potato (from 19.23% to -4.45%), carioca beans (from 4.66% to -2.36%). Others, such as tomato (from -18.44% to -20.66%), carrot (from – 9.59% to -15.63%) and crystallized sugar (from -0.42% to -2.97%), kept the falling pace. 

Besides food products, some expenses with housing lost intensity: water and sewage fees (from 1.32%, in October, to 0.00% in November ), housing rent (from 0.51%, in October, to 0.30%, in November) and electricity (from 0.67% to 0.09%).  As a result, the group housing moved from 0.72%, in October to 0.33%, in November. Health and personal care (from 0.42% to 0.36%) also posted less acceleration.

Conversely, the group transportation moved from a 0.11% change, in October, to 0.47%, in November. That is due to the high prices of gasoline (from 0.06% to 1.37%) and of airline tickets (from 1.66% to 11.80%). The latter, with 0.06 percentage points, exerted the most significant individual impact in the month.

The articles in apparel remained high (from 1.05% to 1.40%) with the introduction of the new collection. Household appliances (from 0.11% to 0.60%) and TV, sound and computer articles (from -1.48% to 0.23%) helped increase the result of household articles (from 0.26% to 0.58%).  The group communication (from 0.18% to 0.30%) also registered high rates. 

In personal expenses (from 0.15%, in October, to 0.30%, in November), the acceleration in the rate was caused by the wage increase for the domestic workers, who got 0.66%, in November, against the 0.17% drop recorded in October.

Thus, the group non-food products registered a change of 0.45%, above the previous month’s result, which was 0.37%. 

In regional terms, the highest increase was in Belém (1.25%), where food products rose 2.79%, with an impact of 0.92 percentage points, and were responsible for 74% of the regional index.  The lowest index occurred in Goiânia (0.35%). The following table shows the monthly results by region:

In order to estimate the index of the month, the prices collected from October 12 to November 13 of 2012 (reference) were compared with the prices in force from September 13 to October 11 of 2012 (base). The indicator refers to families with monthly income of one to forty minimum wages and it encompasses the metropolitan regions of Rio de Janeiro, Porto Alegre, Belo Horizonte, Recife, São Paulo, Belém, Fortaleza, Salvador, Curitiba, and also Brasília and Goiânia. The methodology is the same as the one used for IPCA; the difference lies in the period of price collection.