IPCA-15 of June hits 0.39%
June 26, 2024 09h00 AM | Last Updated: June 28, 2024 06h41 PM
The Extended National Consumer Price Index 15 (IPCA-15) hit 0.39% in June, being 0.05 percentage points below the May rate (0.44%). IPCA-E, which is the cumulative IPCA-15 by quarter, stood at 1.04%, below the 1.12% registered in the same period in 2023. Cumulative IPCA in the 12 reached 4.06%, above the 3.70% of the previous 12 months. In June 2023, the rate was 0.04%.
| Period | Rate |
|---|---|
| June 2024 | 0.39% |
| May 2024 | 0.44% |
| June 2023 | 0.04% |
| Cumulative in the year | 2.52% |
| Cumulative in the last 12 months | 4.06% |
Seven of the nine groups of products and services surveyed in June recorded increases. Food and beverages registered the biggest change (0.98%) and the main impact (0.21 p.p.) on the monthly index. Then came the groups Housing (0.63% and 0.10 p.p.) and Health and personal care (0.57% and 0.08 p.p.) The other results ranged between -0.23% of Transportes and 0.30% Wearing apparel.
| Group | Change (%) | Impact (p.p.) | Cumulative Change(%) |
|||
|---|---|---|---|---|---|---|
| April | May | June | June | Quarter | 12 months | |
| General Index | 0.21 | 0.44 | 0.39 | 0.39 | 1.04 | 4.06 |
| Food and beverages | 0.61 | 0.26 | 0.98 | 0.21 | 1.86 | 4.55 |
| Housing | 0.07 | 0.25 | 0.63 | 0.10 | 0.95 | 3.01 |
| Household articles | 0.03 | -0.44 | -0.01 | 0.00 | -0.42 | -0.99 |
| Wearing apparel | 0.41 | 0.66 | 0.30 | 0.01 | 1.38 | 2.34 |
| Transportation | -0.49 | 0.77 | -0.23 | -0.05 | 0.05 | 4.16 |
| Health and personal care | 0.78 | 1.07 | 0.57 | 0.08 | 2.44 | 6.04 |
| Personal expenses | 0.40 | 0.18 | 0.25 | 0.03 | 0.83 | 4.59 |
| Education | 0.05 | 0.11 | 0.05 | 0.00 | 0.21 | 6.92 |
| Communication | 0.17 | 0.18 | 0.17 | 0.01 | 0.52 | 0.86 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Índices de Preços, Sistema Nacional de Índices de Preços ao Consumidor. | ||||||
In Food and beverages (0.98%), food away from home accelerated from 0.22% in May to 1.13% in June. This result was driven by the rise of potato (24,18%), long-life milk (8.84%), rice (4.20%) andtomato (6.32%). In terms of decreases, pinto beans (-4.69%), onion (-2.52%) and fruits (-2.28%) stand out.
As for Housing (0.63%), the rise of water and sewage rate (2.29%) was influenced by price adjustments of 6.94% in São Paulo (5.48%), in effect since May 10, of 9.85% in Brasília (4.60%), since June 1st, and 2.95% in Curitiba (2.86%), since May 17. Residential electricity (0.79%) was adjusted as follows: in Salvador (0.52%), 1.63%, since April 22; in Recife (-0.64%), -2.64% since April 29; in Fortaleza (1.14%), -2.92% since April 22; and in Belo Horizonte (4.11%), 6.76% since May 28.
Also in Housing, in the subitem piped gas (-0.10%), the result of Rio de Janeiro (-0.33%) comes from the average drop of 1.75%, in effect since June 1st, after the adjustment of 0.97% on May 1st.
The result of Health and personal care (0.57%) was affected by the rise of health insurance (0.37%), resulting from the adjustment of up to 6.91% authorized by the National Regulatory Agency for Private Health Insurance and Plans (ANS) on June 4, in effect since May and valid up to April 2025. Therefore, IPCA 15 includes the monthly shares relative to the months of May and June.
As for Transportation (-0.23% and -0.05 p.p), there were drops in airfares (-9.87% and -0.07 p.p.). Considering fuels (-0.22%), all of them recorded drops in prices: ethanol (-0.80%), vehicle gas (-0.46%), diesel (-0.42%) and gasoline (-0,13%). The subitem taxi rose by 0.18%, due to the price adjustment of 17.64% in Recife (3.09%), in effect since April 22.
As for regional indexes, all the eleven areas of coverage rose in June. Belo Horizonte recorded the biggest change (0.68%), as a result of drops of potato (24.31%), long life milk (10.68%), residential electricity (4.11%) and gasoline (1.77%). Belém had the lowest rates (0.16%), with decreases in prices of airfares (-9.40%) and of meat (-2.39%).
| Area | Regional weight (%) | Monthly change (%) | Cumulative Change (%) |
|||
|---|---|---|---|---|---|---|
| April | May | June | Quarter | 12 months | ||
| Belo Horizonte | 10.04 | 0.14 | 0.60 | 0.68 | 1.43 | 5.11 |
| Fortaleza | 3.88 | -0.02 | 0.26 | 0.48 | 0.72 | 4.49 |
| Curitiba | 8.09 | 0.23 | 0.43 | 0.43 | 1.09 | 3.66 |
| Porto Alegre | 8.61 | -0.01 | 0.86 | 0.41 | 1.26 | 3.89 |
| Rio de Janeiro | 9.77 | 0.31 | 0.15 | 0.38 | 0.84 | 3.79 |
| São Paulo | 33.45 | 0.22 | 0.36 | 0.38 | 0.96 | 3.98 |
| Goiânia | 4.96 | 0.08 | 0.27 | 0.33 | 0.68 | 3.44 |
| Recife | 4.71 | 0.57 | 0.31 | 0.31 | 1.19 | 3.49 |
| Salvador | 7.19 | 0.31 | 0.87 | 0.25 | 1.44 | 3.98 |
| Brasília | 4.84 | 0.23 | 0.55 | 0.24 | 1.02 | 4.48 |
| Belém | 4.46 | 0.33 | 0.29 | 0.16 | 0.78 | 4.87 |
| Brazil | 100.00 | 0.21 | 0.44 | 0.39 | 1.04 | 4.06 |
| 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, prices were collected from May 16 to June 14, 2024 (reference) and compared with those in effect from April 16 to May 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.
