IPCA-15 of March is 0.36%
March 26, 2024 09h00 AM | Last Updated: March 26, 2024 04h56 PM
The Extended National Consumer Price Index 15 (IPCA-15) was 0.36% in March and stood 0.42 percentage points (p.p.) below the February rate (0.78%).
| Period | Rate |
|---|---|
| March 2024 | 0.36% |
| February 2024 | 0.78% |
| March 2023 | 0.69% |
| Cumulative in the year | 1.46% |
| Cumulative in the last 12 months | 4.14% |
In the last 12 months, IPCA-15 changed by 4.14%, below the rate of 4.49% recorded in the immediately previous 12 months .
In March 2023, IPCA-15 stood at 0.69%. The Special Extended National Consumer Price Index (IPCA-E), which is the cumulative IPCA-15 per quarter, stood at 1.46%, below the 2.01% recorded in the same period of 2023.
Five of the nine groups of products and services surveyed recorded increases in March. Food and beverages accounted for the biggest change (0.91%) and the main impact (0.19 p.p.). It was followed by Transportation (0.43% and 0.09 p.p.) and Health and personal care (0.61% and 0.08 p.p.). The other groups stood between the rate of -0.58% of Household articles and the 0.19% of Housing.
| Group | Monthly Change (%) | Impact (p.p.) | Cumulative Change (%) |
|||
|---|---|---|---|---|---|---|
| January | February | March | March | Quarter | 12 months | |
| Overall Index | 0.31 | 0.78 | 0.36 | 0.36 | 1.46 | 4.14 |
| Food and beverages | 1.53 | 0.97 | 0.91 | 0.19 | 3.45 | 3.13 |
| Housing | 0.33 | 0.14 | 0.19 | 0.03 | 0.66 | 3.96 |
| Household articles | 0.26 | 0.45 | -0.58 | -0.02 | 0.13 | -0.8 |
| Wearing apparel | 0.22 | -0.39 | -0.22 | -0.01 | -0.39 | 2.5 |
| Transportation | -1.13 | 0.15 | 0.43 | 0.09 | -0.55 | 4.98 |
| Health and personal care | 0.56 | 0.76 | 0.61 | 0.08 | 1.94 | 6.36 |
| Personal expenses | 0.56 | 0.46 | -0.07 | -0.01 | 0.95 | 4.97 |
| Education | 0.39 | 5.07 | 0.14 | 0.01 | 5.64 | 6.95 |
| Communication | -0.03 | 1.67 | -0.04 | 0 | 1.6 | 0.53 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Índices de Preços, Sistema Nacional de Índices de Preços ao Consumidor. | ||||||
In the group of Food and beverages (0.91%), food at home rose by 1.04% in March. This result was affected by the rise of onion (16.,64%), hen eggs (6.24%), fruits (5.81%) and long life milk (3.66%).
Food away from home (0.59%) accelerated from February (0.48%), due to the increase meals (from 0.35% in February to 0.76% in March). Snacks (0.19%) recorded a change below that in the preceding month (0.79%).
In the group Transportation (0.15%), there was a drop in airfares (-9.08% and -0.07 p.p.). As for fuels (2.41%), prices of ethanol (4.27%) and gasoline (2.39%) rose (-0.24%), whereas vehicles gas (-2.07%) and diesel (-0.15%) dropped. Taxi rose by 0.61% due to the price adjustment of 8.31% in Belo Horizonte (6.04%), effected on February 8.
Also in Transportation, the change of intercity bus (0.71%) was influenced dy rise of prices in Rio de Janeiro (6.69%), in effect since Februay 24; and in Curitiba (6.41%), since February 5. The subitem train (-1.00%) fell by 4.05% in fares in Rio de Janeiro (-2.20%), as of February 02.
In Health and personal care (0.61%), the result was influenced by health insurance plans (0.77%), pharmaceuticals (0.73%) and personal hygiene items (0.39%).
In Housing (0.19%), the following price adjustments were incorporated into piped gas (-0,35%) as of February 1: in Rio de Janeiro (-0.65%), an average drop of 1.30%; and in Curitiba (-1.20%), a drop of 2.29%.
Regarding regional indexes, all the areas surveyed recorded rises of prices in March. The biggest change was recorded by Belém (0.74%), due to rises of acai (18.87%) and gasoline (1.96%). Goiânia (0.14%) accounted for the lowest result, with price drops in used cars (3.19%) and meat (-1.02%).
| Area | Regional Weight (%) | Monthly Change (%) | Cumulative Change (%) |
|||
|---|---|---|---|---|---|---|
| January | February | March | Quarter | 12 months | ||
| Belém | 4.46 | 0.63 | 0.74 | 0.74 | 2.13 | 4.93 |
| Fortaleza | 3,88 | 0.69 | 0.75 | 0.48 | 1.94 | 4.82 |
| Recife | 4.71 | 0.36 | 0.78 | 0.46 | 1.61 | 3.22 |
| Curitiba | 8.09 | 0.28 | 0.54 | 0.46 | 1.28 | 3.96 |
| Belo Horizonte | 10.04 | 0.88 | 1.02 | 0.42 | 2.34 | 4.96 |
| Brasília | 4.84 | -0.41 | 0.59 | 0.4 | 0.58 | 4.43 |
| Rio de Janeiro | 9.77 | 0.43 | 0.74 | 0.35 | 1.53 | 4.12 |
| Porto Alegre | 8.61 | 0.42 | 0.11 | 0.32 | 0.85 | 3.61 |
| São Paulo | 33.45 | 0.1 | 0.93 | 0.31 | 1.33 | 4.24 |
| Salvador | 7.19 | 0.35 | 0.9 | 0.23 | 1.49 | 3.53 |
| Goiânia | 4.96 | 0.24 | 1.07 | 0.14 | 1.46 | 3.61 |
| Brazil | 100 | 0.31 | 0.78 | 0.36 | 1.46 | 4.14 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Índices de Preços, Sistema Nacional de Índices de Preços ao Consumidor. | ||||||
In order to estimate the IPCA-15, the prices collected from February 16 to March 14, 2024 (reference) were compared with the ones in force from January 16 to February 15, 2024 (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.
