IPCA was 0.56% in October
November 08, 2024 09h00 AM | Last Updated: November 11, 2024 02h13 PM
The Extended Consumer Price Index (IPCA) changed 0.56% in October and stood 0.12 percentage points above the September´s rate (0.44%). The cumulative index in the year stayed at 3.88% and, in the last 12 months, at 4.76%, above the rate of 4.42% registered in the 12 immediately previous months. The monthly change in October 2023 had been 0.24%.
| Period | Rate |
|---|---|
| October 2024 | 0.56% |
| September 2024 | 0.44% |
| October 2023 | 0.24% |
| Cumulative in the year | 3.88% |
| Cumulative in the last 12 months | 4.76% |
Of the nine groups of products and services surveyed, two of them exerted a bigger influence on the October´s result: Housing (1.49%) and Food and beverages (1.06%), with a contribution of 0.23 p.p. each. The other groups stood between the drop of 0.38% in Transportation and the rise of 0.70% in Personal expenses.
| Group | Change (%) | Impact (p.p.) | ||
|---|---|---|---|---|
| September | October | September | October | |
| Overall Index | 0.44 | 0.56 | 0.44 | 0.56 |
| Food and beverages | 0.50 | 1.06 | 0.11 | 0.23 |
| Housing | 1.80 | 1.49 | 0.27 | 0.23 |
| Household articles | -0.19 | 0.43 | -0.01 | 0.02 |
| Wearing apparel | 0.18 | 0.37 | 0.01 | 0.02 |
| Transportation | 0.14 | -0.38 | 0.03 | -0.08 |
| Health and personal care | 0.46 | 0.38 | 0.06 | 0.05 |
| Personal expenses | -0.31 | 0.70 | -0.03 | 0.07 |
| Education | 0.05 | 0.04 | 0.00 | 0.00 |
| Communication | -0.05 | 0.52 | 0.00 | 0.02 |
| Source: IBGE, Directorate of Surveys, Coordination of Price Indexes | ||||
In the group of Housing (1.49%), the result was mainly influenced by residential electricity (4.74%), with the inclusion of the red tariff flag level 2, which adds R$7.877 to each 100 k/wh consumed since October 1st. In addition, the following fare adjustments were registered: Goiânia (9.62%), with an adjustment of 4.97% since October 22; Brasília (5.49%), with a reduction of 2.98% since October 22; and São Paulo (6.00%), with a reduction of 2.88% in a concessionary since October 23.
In Food and beverages (1.06%), food at home changed from 0.56% in September to 1.22% in October. Meat (5.81%) increased its prices, highlighted by the following cuts: chuck steak (9.09%), rib (7.40%), sirloin steak (6.07%) and rump steak (5.79%). Rises were also recorded in tomatoes (9.82%) and ground coffee (4.01%). On the dropping side, the highlights were mango (-17.97%), papaya (-17.83%) and onions (-16.04%).
Food away from home (0.65%) reported a higher change than that in the previous month (0.34%). The sub-item meals accelerated from 0.18% to 0.53% in October, whereas snacks accelerated from 0.67% to 0.88%.
In the group of Transportation (-0.38% and -0.08 p.p.), the result was mainly influenced by airfare (-11.50% and -0.07 p.p.). Trains (-4.80%), subway (-4.63%), urban bus (-3.51%) and transportation commuting (-3.04%) also contributed to the negative result of the group, due to the gratuities granted to the population in the days of municipal elections. Concerning fuel (-0.17%), ethanol (-0.56%), diesel fuel (-0.20%) and gasoline (-0.13%) dropped, whereas vehicular gas (0.48%) rose.
In Health and personal care (0.38%), the sub-item health insurance plans rose 0.53%. Adjustments were authorized by the National Agency for Supplementary Health (ANS)to plans signed before Law no. 9,656/98, in force since July. Therefore, the October´s IPCA included the monthly fractions of the old plans related to the months of July, August, September and October.
In regional terms, the highest change occurred in Goiânia (0.80%), influenced by the rise in residential electricity (9.62%) and sirloin steak (6.53%). On the other hand, the lowest change occurred in Aracaju (0.11%), due to the retreats in gasoline (-2.88%) and urban bus (-6.22%).
| Area | Regional Weight (%) | Change (%) | Cumulative Change (%) | ||
|---|---|---|---|---|---|
| September | October | Year | 12 months | ||
| Goiânia | 4.17 | 1.08 | 0.80 | 4.30 | 5.08 |
| Belém | 3.94 | 0.18 | 0.78 | 3.57 | 4.47 |
| Campo Grande | 1.57 | 0.58 | 0.70 | 3.96 | 4.89 |
| Brasília | 4.06 | 0.26 | 0.68 | 3.35 | 4.57 |
| São Paulo | 32.28 | 0.36 | 0.67 | 4.05 | 5.05 |
| Rio de Janeiro | 9.43 | 0.53 | 0.60 | 3.58 | 4.84 |
| São Luís | 1.62 | 0.60 | 0.57 | 5.42 | 5.46 |
| Rio Branco | 0.51 | 0.75 | 0.55 | 3.40 | 4.38 |
| Vitória | 1.86 | 0.49 | 0.50 | 3.56 | 4.57 |
| Recife | 3.92 | 0.17 | 0.50 | 3.57 | 3.48 |
| Belo Horizonte | 9.69 | 0.51 | 0.50 | 5.10 | 6.23 |
| Salvador | 5.99 | 0.28 | 0.48 | 3.46 | 4.15 |
| Fortaleza | 3.23 | 0.30 | 0.46 | 3.78 | 4.97 |
| Curitiba | 8.09 | 0.77 | 0.42 | 3.55 | 3.78 |
| Porto Alegre | 8.61 | 0.39 | 0.16 | 3.02 | 3.81 |
| Aracaju | 1.03 | 0.07 | 0.11 | 3.87 | 3.77 |
| Brasil | 100.00 | 0.44 | 0.56 | 3.88 | 4.76 |
| Source: IBGE, Directorate of Surveys, Coordination of Price Indexes | |||||
In order to estimate the index of the month, the prices collected from September 28 to October 28, 2024 (reference) were compared with the prices in force from August 30 to September 27, 2024 (base). The IPCA has been calculated by the IBGE since 1980. It 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 rises 0.61% in October
The National Consumer Price Index (INPC) rose 0.61% in October, 0.13 p.p. above the result recorded in September (0.48%). In the year, the INPC accumulates a rise of 3.92% and, in the last 12 months, of 4.60%, above the rate of 4.09% registered in the 12 immediately previous months. The rate had been 0.12% in October 2023.
Food products (1.11%) increased their prices for the second consecutive month, accelerating from 0.49% in September to 1.11% in October. On their turn, non-food products (0.45%) remained below the result of September (0.48%).
Concerning the regional indexes, Goiânia recorded the highest rise (0.94%), due to tomatoes (26.88%) and residential electricity (9.76%). The lowest change was reported in Aracaju (0.09%), due to the retreat in the prices of urban bus (-6.22%) and gasoline (-2.88%).
| Area | Regional Weight (%) | Change (%) | Cumulative Change (%) | ||
|---|---|---|---|---|---|
| September | October | Year | 12 months | ||
| Goiânia | 4.43 | 1.05 | 0.94 | 4.46 | 5.50 |
| Brasília | 1.97 | 0.41 | 0.89 | 3.81 | 4.60 |
| São Paulo | 24.60 | 0.44 | 0.87 | 4.01 | 4.66 |
| Campo Grande | 1.73 | 0.59 | 0.77 | 3.88 | 4.70 |
| Belém | 6.95 | 0.22 | 0.69 | 3.85 | 4.48 |
| Rio Branco | 0.72 | 0.70 | 0.64 | 3.84 | 4.57 |
| Rio de Janeiro | 9.38 | 0.59 | 0.61 | 3.35 | 4.56 |
| Vitória | 1.91 | 0.56 | 0.58 | 4.01 | 4.58 |
| São Luís | 3.47 | 0.64 | 0.55 | 5.19 | 5.19 |
| Salvador | 7.92 | 0.27 | 0.53 | 3.20 | 3.79 |
| Curitiba | 7.37 | 0.93 | 0.52 | 3.87 | 3.94 |
| Belo Horizonte | 10.35 | 0.51 | 0.48 | 5.34 | 6.48 |
| Fortaleza | 5.16 | 0.36 | 0.41 | 3.68 | 4.89 |
| Recife | 5.60 | 0.18 | 0.40 | 3.33 | 3.17 |
| Porto Alegre | 7.15 | 0.42 | 0.18 | 3.25 | 3.91 |
| Aracaju | 1.29 | 0.08 | 0.09 | 3.92 | 3.69 |
| Brasil | 100.00 | 0.48 | 0.61 | 3.92 | 4.60 |
| Source: IBGE, Directorate of Surveys, Coordination of Price Indexes | |||||
In order to estimate the index of the month, the prices collected from September 28 to October 29, 2024 (reference) were compared with the prices in force from August 30 to September 27, 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. It encompasses ten metropolitan areas in Brazil, besides the municipalities of Goiânia, Campo Grande, Rio Branco, São Luís, Aracaju and Brasília.
