IPCA-15 reached 0.28% in August
August 25, 2023 09h00 AM | Last Updated: August 28, 2023 09h08 PM
The Extended National Consumer Price Index 15 (IPCA-15) was 0.28% in August, standing 0.35 percentage points above the July rate (-0.07%). The cumulative change in the year is 3.38% and, in 12 months, 4.24%, above the 3.19% recorded in the 12 immediately previous months. In August 2022, the rate was -0.73%.
|Cumulative in the year||3.38%|
|Cumulative in 12 months||4.24%|
Seven of the nine groups surveyed recorded increases in August. The bigges change (1.08%) and the main impact (0.16 p.p.) came from Housing. Increases were also recorded by the groups Health and personal care (0.81%) and Educationo (0.71%), which accounted for ipmacts of 0.11 p.p. and 0.04 p.p., respectively. As for decreases, the highlight was Food and beverages (-0.65%), which accounted for -0.14 p.p. The other groups ranged between the drop of Wearing apparel (-0.03%) and the increase in Personal expenses (0.60%).
|Group||Change (%)||Impact (p.p.)|
|Food and beverages||-0.40||-0.65||-0.09||-0.14|
|Health and personal care||0.07||0.81||0.01||0.11|
In the group Housing (1.08%), the decrease in residential electricity (4.59% and -0.18 p.p.), influenced by the end of the payment of Itaipu bonuses, charged in invoices issued in the previous month. Price rises were observed in three areas of coverage of the index: Curitiba (9.68%), with 10.66% starting on June 24th; Porto Alegre (5.44%), with 2.92% starting on June 19th, in one of the concessionnaires surveyed; and São Paulo (4.21%), with adjustments of -1.13% since July 4th, in one of the concessionnaires surveyed.
Also in Housing, the rise of water and sewage fees (0.20%) resulted from the price adjustment of 3.45% in one of the concessionnaires in Porto Alegre(0.93%), since July 01st, and of 5.02% in Brasília (2,20%),since August 01st. In turn, the drop in piped gas gas (-0.31%) results from tax reductions in two areas of coverage: in Rio de Janeiro(-0.65%), with an average drop of 1.70%, starting on August 1st; and in Curitiba (-0.77%), with a drop of 2.23%, since August 4th.
The acceleration of Health and personal care (0.81%) was due to the items personal hygiene, which changed from -0.71% in July to 1.59% in August. The prices of skincare products (8.57%) and of perfumes(2.94%) rose, after drops of 4.32% and 1.90% in July, respectively. In Education (0,71%), os regular courses rose 0.74% mainly due to the subitens day care (1.91%) and higher education (1.12%). The increase of other courses (0.06%) was influenced by preparatory courses (1.22%) and language courses (0.14%).
In Transportation (0.23%), the result was driven by rise of prices of new cars (2.94%). In fuels (0.46%), there was an increase in gasoline (0.90%) and vehicle gas (1.88%) and drops in diesel (-0.81%) and ethanol (-2,55%). Another highlight is the drop of 11.36% in the prices of airfares, which had risen 4.70% in July.
Also in Transportation, the rise of taxi (0.43%) results from the price adjustment of 20.19% in fares effected since July 24th in Fortaleza (13.89%). It is worth mentioning the decrease in urban buses (-2.80%), as a result of the drop of 25.00% in fares in Belo Horizonte (-20.91%), since July 8th. Intercity bus (0.49%) rose by 7.24% in Recife (2.63%) on July 10th and 6.00% in Porto Alegre (0.08%), starting on August 1st.
The drop in Food and beverages (-0.65%) was mainly due to deflation in food at home (-0.99%), which had already decreased in the last two months. A highlight were the decreases in potatoes (-12.68%), tomato (-5.60%), chicken pieces (-3.66%), long life milk (-2.40%) and meats (-1.44%). As for increases, fruits (1.42%) rose.
Food away from home (0.22%) decelerated from the previous month (0.46%), as a result of the deceleration of snacks (from 1.02% in July to 0.14% in August). Meals (0.35%) accelerated against the result of July (0.17%).
As for the regional indexes, only one area recorded a negative change in August. The smallest change took place in Belo Horizonte (-0.18%), whose result was influenced by the drop in urban bus (-20.91%). The biggest change in Fortaleza (0.73%), due to the rise of gasoline (5.92%) and residential electricity (3.23%).
|Area||Regional Weight (%)||Monthly Change (%)||Cumulative Change (%)|
|Rio de Janeiro||9.77||-0.30||0.10||2.37||3.40|
In order to estimate IPCA-15, the prices collected from July 14 to August 14 (reference) were compared with the ones in force from June 15 to July 13 (base). The indicator refers to households with monthly income of 1 to 40 minimum wages and it encompasses the metropolitan areas of Rio de Janeiro, Porto Alegre, Belo Horizonte, Recife, São Paulo, Belém, Fortaleza, Salvador, Curitiba, besides Brasília and the municipality of Goiânia. The methodology is the same as the one used for the IPCA; the difference lies in the period of price collection and in the geographic coverage