The Extended National Consumer Price Index - IPCA reached 0.41% in November, and was 0.18 percentage points (p.p.) below the October result (0.59%). In the year, the IPCA recorded an increase of 5.23% and, in 12 months of 5.90%, below the 6.47% registered in the previous 12 months. In November 2021, the rate was 0.95%.

Seven of the nine groups of products and services recorded increases in November. Transportation (0.83%) and Food and beverages (0.53%), with 0.17 p.p. and 0.12 p.p., respectively, acoounted for the main monthly impacts. Together, the two groups represented nearly 71% of the November IPCA. The main change was that of Wearing apparel (1.10%), whose result was above 1% for the fourth month in a row. The group Health and personal care (0.02%) deelerated from October (1.16%) and was close to stability, whereas Housing (0.51%) exceeded the rate of the previous month (0.34%). The other groups stood between the drop of 0.68% of Household appliances and the rise of 0.21% of Personal expenses.

The rise of Transportation (0.83%) was mainly due to fuels, which rose 3.29& after recording a drop of 1.27% in October. The prices of ethanol (7.57%), of gasoline (2.99%) and of diesel (0.11%) rose in November. The exception was vehicle gas, with a decrease of .77%. Gasoline accounted for the main individual impact on the monthly index (0.14 p.p.). Besides fuels, other highlights were license plates (1.72%), new cars (0.50%) and volunteer car insurance (0.97%), which, together, accounted for 0.07 p.p. In terms of decreases, the prices of airfares fell by 9.80% after increases of 8.22% in September and 27.38% in October.

The group Food and beverages recorded an increase of 0.72% driven by food at home (0.80%). The biggest changes came from onions (23.02%) and tomato (15.71%), whose prices had alreasy risen in October (9.31% and 17.63%, respectively). The prices of fruits (2.91%) and rice (1.46%) also rose.

In terms of decreases, the highlight was long life milk (-7.09%), as it had already taken place in previous months. In the year, the cumulative change of th product that reached 77.84% in July, is now at 31.20%. There was also a decrease in the prices of chicken pieces (-1.75%) and cheese (-1.38%).

The change of food away from home (0.39%) stood next to that of the previous month (0.49%). Whereas meals decelerated from 0.61% in October to 0.36% in November, snack followed an opposite path, with a change from 0.30% to 0.42%.

In the group Wearing apparel (1.10%), except for jewelry and costume jewelry (-0.10%), all the items recorded positive changes. The highlights were women’s apparel (1.46%), men’s apparel (1.34%) and footwear and accessories (1.03%). In 12 months, the bottle accumulates a rise of 31.78%.

The deceleration of Health and personal care (0.02%), can be a result of the performance of personal hygiene articles, which changed from and increase of 2.28% in October to a decrease of 0.98% in November. Two subitems stood ou: perfumes (-4.87%) and make up (-3.24%). Among the increases, the main contribution came from health insurance (1.20%), with 0.04 p.p. of impact on the November IPCA.

The result of Housing (0.51%) was influenced by the rise of residential rents (0.80%) and residential electricity (0.56%). In the case of electricity, the areas recorded changes ranging from -2.93% in Vitória to 19.85% in Brasília, where fares for residential supplied with low voltage had price adjustments of 21.54%, as of November 3.

There was also price adjustment of 3.62% in one of the concessionnaires in Porto Alegre (0.56%), in effect since November 22. Another highlight in the group was water and sewage fare (0.58%), which changed positively due to price adjustments of 11.82% in Rio de Janeiro (7.88%), in effect since November 8, and of 10.15% in Belém (0.61%), in effect since November 28.

It is worth mentioning, in Housing, that decreases of bottled gas (-0.37%) and piped gas (-0.70%). The price of bottled gas (13 kg) sold in refineries was reduced by 5.28% starting on November 17. In the case of bottles gas, there was a decrease of 2.47% in the fare charged in Rio de Janeiro (-2.17%), in effect since November 1st.

As for regional indexes, all the areas registered a positive change in November. The highest index was that of Brasília (1.03%), due to the rise of electricity (19.85%). Vitória (0.09%) recorded the lowest change, mainly due to the fall of airfares (22.25%). .

In order to estimate the index of the month, the prices collected from October 28 to November 29, 2022 (reference) were compared with the prices in force from September 29 to October 27, 2022 (base). The IPCA has been calculated by the IBGE since 1980. It refers to households with monthly income of 1 to 40 minimum wages, whatever the source and encompasses ten metropolitan areas in Brazil, besides the municipalities of Goiânia, Campo Grande, Rio Branco, São Luís, Aracaju and Brasília.

INPC up 0.38% in November

The National Consumer Price Index - INPC rose 0.38% in November, being 0.09 p.p. below the result of October (0.47%). The cumulative index in the year has had a cumulative increase of 5.21% and, in the last 12 months, of 5.97%, below the 6.46% recorded in the previous 12 months. The rate in November 2021 was 0.84%.

Food products changed from 0.60% of change in October to 0.55% in November. The prices of non-food products also rose less, and the change went from 0.43% in October to 0.32% in November.

In terms of regional indexes, Aracaju (-0.04%) was the only area to record a negative change in November, mainly due to the fall of prices of long life milk (-13.03%). Brasília recorded the main change (1.20%), driven by the hike of electricity (19.36%).

In order to estimate the index of the month, the prices collected from October 28 to November 29, 2022 (reference) were compared with the prices in force from September 29 to October 27, 2022 (base). The INPC has been calculated by the IBGE since 1979. It refers to households with monthly income of 1 to 5 minimum wages, with a salaried head of the household. It encompasses ten metropolitan areas in Brazil, besides the municipalities of Goiânia, Campo Grande, Rio Branco, São Luís, Aracaju and Brasília.