IPCA increases 0.21% in June
July 10, 2024 09h00 AM | Last Updated: July 10, 2024 05h04 PM
The Extended National Consumer Price Index (IPCA) of June increased 0.21%, being 0.25 percentage points (p.p.) below the May rate (0.46%). Cumulative IPCA in the year has reached 2.48%. The rate for the last 12 months is 4.23%, above the 3.93% observed in the previous 12 months. In June 2023, the change had been of -0.08%.
| Period | Taxa |
|---|---|
| June 2024 | 0.21% |
| May 2024 | 0.46% |
| June 2023 | -0.08% |
| Cumulative in the year | 2.48% |
| Cumulative in the last 12 months | 4.23% |
Seven of the nine groups of products and services surveyed recorded increases in June. The main impact came from Food and beverages (0.44%), with 0.10 p.p. Health and personal care , recorded the biggest change, with an increase of 0.54%, accounting for 0.07 percentage points. Transportation on the other hand, dropped by 0.19%, after an increase of 0.44% in May. The other groups stood between -0.08% in Communicationand 0.29% in Personal expenses.
| Group | Change (%) | Impact (p.p.) | ||
|---|---|---|---|---|
| May | June | Maio | Junho | |
| General | 0.46 | 0.21 | 0.46 | 0,21 |
| Alimentação e bebidas | 0,62 | 0,44 | 0,13 | 0,10 |
| Housing | 0.67 | 0.25 | 0.10 | 0.04 |
| Household articles | -0.53 | 0.19 | -0.02 | 0.01 |
| Wearing apparel | 0.50 | 0.02 | 0.03 | 0.00 |
| Transportation | 0.44 | -0.19 | 0.09 | -0.04 |
| Health and personal care | 0.69 | 0.54 | 0.09 | 0.07 |
| Personal expenses | 0.22 | 0.29 | 0.02 | 0.03 |
| Education | 0.09 | 0.06 | 0.01 | 0.00 |
| Communication | 0.14 | -0.08 | 0.01 | 0.00 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Índices de Preços | ||||
In Food and beverages (0.44%), food at home decelerated from 0.66% in May to 0.47% in June. Prices of potato (14.49%), long life milk (7.43%), ground coffee (3.03%) and rice (2.25%) rose. As for drops, carrot (-9.47%), onion (-7,49%) and fruits (-2,62%) stand out.
Food away from home (0.37%) changed less against the previous monthly result (0.50%). The subitems snacks and meals decelerated: from 0.78% to 0.39%, and from 0.36% to 0.34%, respectively.
The result of Health and personal care (0.54%) was influenced by perfumes, which rose 1.69%. The increase of health insurance (0.37%) results from the adjustment (6.91%) authorized by the Brazilian Health Surveillance Agency (ANS) on June 4, which went into effect for the period May 2024 - April 2025. Therefore, the IPCA of June included monthly shares from May and June.
As for Housing (0.25%), the rate for water and sewage rate (1.13%) comes after adjustments of 9.85% in Brasília (9.19%), in effect since June 1st; of 6.94% in São Paulo (2.05%), since May 10; and of 2.95% in Curitiba (1.61%), since May 17. As for the subitem piped gas (-0.49%), the result of Rio de Janeiro (-1.61%) comes from the average drop of 1.75%, observed since June 1.
Also in Housing, the rise of residential electricity (0.30% and 0.01 p.p.) was influenced by the adjustment of 6.76% in the fares of Belo Horizonte (5.98%), on May 28.
Transportation (-0.19%), recorded drops in airfares (-9.88% and -0.06 p.p.). As for fuels (0.54%), prices of diesel (-0.64%) and vehicle gas (-0.61%) fell, whereas those of gasoline (0.64%) and ethanol (0.34%) rose.
By metropolitan area Goiânia (0.50%) recorded the biggest change, influenced by the rises of ethanol (5.19%) and gasoline (2.86%). On the Other hand, Porto Alegre (-0.14%) recorded the smallest change, due to drops in airfares (-9.62%) and gas bottles (-5.02%).
| Area | Regional Weight (%) |
Change (%) | Cumulative Change (%) | ||
|---|---|---|---|---|---|
| May | June | Year | 12 months | ||
| Goiânia | 4.17 | -0.06 | 0.50 | 2.45 | 4.22 |
| Belo Horizonte | 9.69 | 0.63 | 0.46 | 3.63 | 5.23 |
| Rio Branco | 0.51 | 0.19 | 0.34 | 1.75 | 4.26 |
| Brasília | 4.06 | 0.34 | 0.34 | 1.84 | 5.04 |
| São Paulo | 32.28 | 0.37 | 0.29 | 2.34 | 4.18 |
| Fortaleza | 3.23 | 0.55 | 0.28 | 2.52 | 4.71 |
| Curitiba | 8.09 | 0.49 | 0.25 | 2.39 | 3.61 |
| Belém | 3.94 | 0.13 | 0.13 | 2.59 | 4.80 |
| Campo Grande | 1.57 | 0.42 | 0.12 | 2.31 | 4.15 |
| São Luís | 1.62 | 0.63 | 0.11 | 4.21 | 5.04 |
| Rio de Janeiro | 9.43 | 0.44 | 0.11 | 2.21 | 4.02 |
| Aracaju | 1.03 | 0.60 | 0.08 | 3.84 | 4.54 |
| Vitória | 1.86 | 0.51 | 0.05 | 2.14 | 4.12 |
| Salvador | 5.99 | 0.58 | -0.04 | 2.46 | 3.93 |
| Recife | 3.92 | 0.43 | -0.09 | 2.61 | 3.26 |
| Porto Alegre | 8.61 | 0.87 | -0.14 | 1.91 | 3.71 |
| Brazil | 100.00 | 0.46 | 0.21 | 2.48 | 4.23 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Índices de Preços | |||||
In order to estimate the monthly index, the prices collected from May 30 to June 28, 2024(reference) were compared with those in force from May 1 to May 29, 2024 (base). The indicator 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 by 0.25% in June
The National Consumer Price Index - INPC rose 0.25% in June, below the level of a month ago (0.46%). The cumulative INPC in the year is 2.86%. I the last 12 months, the cumulative index has reached 3.70%, above the 3.34% of the immediately previous 12 months. In June 2023 the rate had been -0.10%.
Food products decelerated from 0.64% in May to 0.44% in June. Non-food products also decelerated, and stood at 0.19% in June, below the 0.40% registered a month ago.
As for regional indexes, Belo Horizonte and Brasília recorded the biggest change (0.58%), due to the rise in residential electricity (5.98%), in the former, and in water and sewage rate (9.20%), in the latter. The lowest change was that of Porto Alegre (-0.16%), driven by bottled gas (-5.02%).
| Area | Regional Weight (%) |
Change (%) | Cumulative Change (%) |
||
|---|---|---|---|---|---|
| May | June | Year | 12 months | ||
| Brasília | 1.97 | 0.27 | 0.58 | 2.11 | 4.08 |
| Belo Horizonte | 10.35 | 0.61 | 0.58 | 4.18 | 5.06 |
| Goiânia | 4.43 | 0.03 | 0.52 | 2.47 | 4.11 |
| Rio Branco | 0.72 | 0.24 | 0.40 | 2.27 | 4.32 |
| São Paulo | 24.60 | 0.33 | 0.38 | 2.36 | 3.10 |
| Curitiba | 7.37 | 0.48 | 0.34 | 2.46 | 3.20 |
| Fortaleza | 5.16 | 0.58 | 0.28 | 2.51 | 4.39 |
| Belém | 6.95 | 0.13 | 0.22 | 2.89 | 5.07 |
| Rio de Janeiro | 9.38 | 0.46 | 0.20 | 2.06 | 3.35 |
| Aracaju | 1.29 | 0.57 | 0.19 | 4.04 | 4.07 |
| Vitória | 1.91 | 0.55 | 0.13 | 2.60 | 3.43 |
| São Luís | 3.47 | 0.65 | 0.11 | 4.06 | 4.70 |
| Campo Grande | 1.73 | 0.44 | 0.05 | 2.32 | 3.56 |
| Recife | 5.60 | 0.46 | -0.08 | 2.72 | 2.61 |
| Salvador | 7.92 | 0.59 | -0.12 | 2.45 | 3.49 |
| Porto Alegre | 7.15 | 0.95 | -0.16 | 2.34 | 3.35 |
| Brazil | 100.00 | 0.46 | 0.25 | 2.68 | 3.70 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Índices de Preços | |||||
In order to estimate the monthly index, prices collected from May 3 to June 28, 2024 (reference) were compared with the prices in force from May 1 to May 29, 2024 (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 and encompasses ten metropolitan areas in Brazil, besides the municipalities of Goiânia, Campo Grande, Rio Branco, São Luís, Aracaju and Brasília.
