IPCA-15: 0.11% in January
January 24, 2025 09h00 AM | Last Updated: January 24, 2025 04h18 PM
The Extended National Consumer Price Index 15 (IPCA-15) recorded a change of 0.11% in January 2025, being 0.23 percentage points (p.p.) below the rate of December 2024 (0.34%). In the last 12 months, the IPCA-15 change hit 4.50%, below the 4.71% of the previous 12 months. In January 2024, IPCA-15 reached 0.31%.
| Period | RATE |
|---|---|
| January 2025 | 0.11% |
| December 2024 | 0.34% |
| January 2024 | 0.31% |
| Cumulative in the year | 0.11% |
| Cumulative in 12 months | 4.50% |
Eight of the nine groups of products and services had negative results in January. Food and beverages recorded the biggest change, 1.06%, and accounted for the main impact, 0.23 percentage points (p.p.), on the monthly index, followed by Transportation (1.01% and 0.21 p.p.). On the other hand, Housing (-3.43% and -0.52 p.p) faced deflation, helping control the index of January. The other groups stood between 0.72%, Household appliances and 0.15%, Communication..
| IPCA-15 - Groups - Change and Impact | ||||
|---|---|---|---|---|
| Group | Change (%) | Impact (p.p.) | ||
| December | January | December | January | |
| Overall index | 0.34 | 0.11 | 0.34 | 0,11 |
| Food and beverages | 1.47 | 1.06 | 0.31 | 0.23 |
| Housing | -1.32 | -3.43 | -0.20 | -0.52 |
| Household appliances | -0.52 | 0.72 | -0.02 | 0.03 |
| Wearing apparel | 0.34 | 0.46 | 0.02 | 0.02 |
| Transportations | 0.46 | 1.01 | 0.09 | 0.21 |
| Health and personal care | -0.05 | 0.64 | -0.01 | 0.08 |
| Personal expenses | 1.36 | 0.40 | 0.14 | 0.04 |
| Education | 0.00 | 0.25 | 0.00 | 0.01 |
| Communication | 0.08 | 0.15 | 0.00 | 0.01 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Índices de Preços, Sistema Nacional de Índices de Preços ao Consumidor. | ||||
In the group Food and beverages (1.06%), food at home changed by 1.10% in January. Contributions to this result came from tomato (17.12%) and ground coffee (7.07%). With drops, potato (-14.16%) and long-life milk(-2.81%) stood out.
Food away from home decelerated with a change from 1.23% in December to 0.93% in January. Both snacks (0.98%) and meals (0.96%) recorded changes below that observed in the previous month (1.26% and 1.34%, respectively).
In Transportation (1.01% and 0.21 p.p.), the subitem airfare rose 10.25%. In fuels (0.67%), the prices of ethanol (1.56%), diesel (1.10%), vehicle gas (1.04%) and gasoline (0.53%).
Also in Transportation, the subitem urban bus changed by 0.46%. In Curitiba (-2.17%), from January 05 on, the fare charged on Sundays has been reduced by 50%, and, in Fortaleza (-0.45%) this social fare was adopted on Dec 31, 2024.
Fares also rose in: Belo Horizonte (4.00%), due to the price adjustment of 9.52% starting on January 1; Rio de Janeiro (2.79%), which rose 9.30% on January 5; Salvador (2.48%), with the price adjustment of 7.69% since January 4; Recife (1.46%), with the price adjustment of 4.87% since January 5; and São Paulo (-4.24%), 13.64% higher since January 6. The drop reflects free fares granted to the population on Christmas and New Year holidays (Dec 25 and Jan 01).
Increases were also observed in taxi fares (3.08%) in Rio de Janeiro, as a result of the price adjustment (7.83%) since Jan 02, and in São Paulo, there were increases of 1.00% in train and subway as a result of adjustments 4.00% in fares of January 06. The change of -1.78% in public transportation connections in São Paulo results from the combination of the price rises mentioned and free fares granted to the entire population on Christmas and New Year holidays (Dec25 and Jan 01).
In the group Housing (-3.43% and -0.52 p.p.), residential electricity accounted for the main negative impact on the index (-0.60 p.p.), having dropped 15.46% in January. The drop results from the incorporation of Itaipu Bonus, granted on invoices issued in January.
Also in Housing, the result of water and sewage rate (0.86%) results from the rise of 9.83% in Rio de Janeiro (5.68%) since December 1st; of the rise of fares, 6.42% in Belo Horizonte (2.73%) since January 1st and a price adjustment of 6.45% inPorto Alegre (1.36%) in effect since January 1st. The change of 0.62% in piped gas occurs after the adjustment of 4.71% in Rio de Janeiro (2.00%).
In January, IPCA-15 increased in nine areas
As for regional indexes, the biggest change was found in Goiânia (0.53%), due to rises of gasoline (5.77%) and ethanol (12.29%). The lowest result was that of Porto Alegre (-0.13%) due to the drop in residential electricity (-16.84%) and potato (-21.62%).
| IPCA-15 Areas | ||||
|---|---|---|---|---|
| Area | Regional Weight (%) | Change Monthly (%) |
Cumulative Change (%) | |
| December | January/th> | 12 months | ||
| Goiânia | 4.96 | 0.35 | 0.53 | 5.17 |
| Salvador | 7.19 | 0.66 | 0.28 | 4.60 |
| Brasília | 4.84 | -0.04 | 0.26 | 4.55 |
| Fortaleza | 3.88 | 0.40 | 0.21 | 4.36 |
| Curitiba | 8.09 | 0.19 | 0.16 | 4.19 |
| Belo Horizonte | 10.04 | 0.41 | 0.13 | 5.41 |
| São Paulo | 33.45 | 0.36 | 0.09 | 4.73 |
| Recife | 4.71 | -0.03 | 0.06 | 3.91 |
| Belém | 4.46 | 0.56 | 0.01 | 4.33 |
| Rio de Janeiro | 9.77 | 0.36 | 0.00 | 4.22 |
| Porto Alegre | 8.61 | 0.27 | -0.13 | 3.13 |
| Brazil | 100.00 | 0.34 | 0.11 | 4.50 |
| Source: IBGE, Diretoria de Pesquisas, Coordenação de Índices de Preços, Sistema Nacional de Índices de Preços ao Consumidor. | ||||
To calculate the IPCA-15, 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. Prices were collected in the period from December 13 to January 14, 2014 (reference) and compared with those in effect from November 13 to December 12, 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.
