IPCA was 0.12% in July
August 11, 2023 09h00 AM | Last Updated: August 14, 2023 12h52 PM
The Extended National Consumer Price Index (IPCA) was 0.12% in July, 0.20 percentage points (pp) above the June rate (-0.08%). In the year, the IPCA accumulates an increase of 2.99% and, in the last 12 months, of 3.99%, above the 3.16% observed in the previous 12 months. In July 2022, the change had been -0.68%.
|Cumulative in the year||2.99%|
|Cumulative in the last 12 months||3.99%|
Of the nine groups of products and services surveyed, five increased in July. The biggest impact (0.31 pp) and the biggest change (1.50%) came from Transportation. On the downside, Housing (-1.01% and -0.16 pp) and Food and beverages (-0.46% and -0.10 pp) stand out. The other groups were between -0.24% for Wearing apparel and 0.38% for Personal expenses.
|Group||Change (%)||Impact (pp)|
|Food and beverage||-0.66||-0.46||-0.14||-0.10|
|Health and personal care||0.11||0.26||0.01||0.03|
In Transportation (1.50%), the result was influenced mainly by the increase in gasoline prices (4.75%), the subitem with the highest individual contribution (0.23 pp) in the month's index. In relation to other fuels (4.15%), increases were registered in vehicle gas (3.84%) and ethanol (1.57%), while diesel fuel fell by 1.37%. Increases in airfare (4.97%) and new cars (1.65%) also contributed to the group's result.
Also in Transportation, it is worth highlighting the increase in tolls (2.44%), due to price rise applied in several booths in São Paulo (3.24%), as of July 1st. The result of the subitem taxi (0.09%) stems from the increase of 20.19% in Fortaleza (3.37%), as of July 24th. The 2.40% drop in urban buses was influenced by the -25.00% increase in fares in Belo Horizonte (-17.50%), as of July 8th. In intercity buses (0.23%), there was an increase of 7.24% in Recife (2.08%), as of July 10th.
The drop in the group Food and beverages (-0.46%) is mainly due to the reduction in the prices of food at home (-0.72%), which had already dropped in June (-1.07%). It is worth noting the declines in carioca beans (-9.24%), soybean oil (-4.77%), chicken pieces (-2.64%), meat (-2.14%) and long life milk (-1.86%). On the rise were fruits (1.91%), especially banana (4.44%) and papaya (3.25%).
Food away (0.21%) decelerated in relation to June (0.46%), due to less intense rises in snacks (0.49%) and meals (0.15%). In June, the changes in these subitems had been 0.68% and 0.35%, respectively.
In the Housing group (-1.01%), the major contribution (-0.16 pp) came from residential electricity (-3.89%), due to the incorporation of the Itaipu Bonus, credited in invoices issued in the month of July. Increases were applied in three areas covered by the index: 2.92% in one of the surveyed concessionaires in Porto Alegre (-4.51%), as of June 19; -1.13% in one of the surveyed concessionaires in São Paulo (-5.54%), as of July 4th; and 10.66% in Curitiba (3.53%), as of June 24th.
Also in Housing, the water and sewage rate (0.18%) increased due to the 3.45% rise in one of the surveyed concessionaires in Porto Alegre (1.60%), applied as of July 1st.
With regard to the regional indices, thirteen of the sixteen areas increased in July. The biggest change was in Porto Alegre (0.53%), due to the rise in gasoline prices (6.98%). The smallest one was registered in Belo Horizonte (-0.16%), influenced by the 17.50% decreases in urban buses and 4.30% in residential electricity.
|Area||Regional Weight (%)||Change (%)||Cumulative change (%)|
|Rio de Janeiro||9.43||-0.20||0.03||2.51||3.52|
To calculate the index for the month, prices collected in the period from June 29 to July 28, 2023 (reference) were compared with prices in force in the period from May 30 to June 28, 2023 (base). The IPCA has been calculated by the IBGE since 1980, it refers to families with a monetary income of 01 to 40 minimum wages, whatever the source, and covers ten Metropolitan Areas in the country, in addition to the municipalities of Goiânia, Campo Grande, Rio Branco, São Luís, Aracaju and Brasília.
INPC was -0.09% in July
The National Consumer Price Index (INPC) was -0.09% in July, a change close to that registered in the previous month (-0.10%). In the year, the INPC accumulates a high of 2.59% and, in the last 12 months, of 3.53%, above the 3.00% observed in the previous 12 months. In July 2022, the rate was -0.60%.
Food products changed by -0.59% in July, after falling by 0.66% in June. In non-food products, there was an increase of 0.07%, close to the result of 0.08% observed in June.
As for the regional indices, eight areas registered a decline in July. The lowest result was registered in Belo Horizonte (-0.48%), where the 17.50% decreases in urban bus prices and the 4.23% decreases in residential electricity weighed. The biggest change occurred in Belém (0.39%), driven by the 6.42% increase in gasoline.
|Area||Regional weight (%)||Change (%)||Cumulative weight (%)|
|Rio de Janeiro||9.38||-0.20||-0.27||1.90||2.69|
To calculate the index for the month, prices collected in the period from June 29 to July 28, 2023 (reference) were compared with prices in force in the period from May 30 to June 28, 2023 (base). The INPC has been calculated by the IBGE since 1979, it refers to families with a monetary income of 01 to 05 minimum wages, with the head being a salaried person, and covers ten Metropolitan Areas of the country, in addition to the municipalities of Goiânia, Campo Grande, Rio Branco, São Luís, Aracaju and Brasilia.