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Brazil January inflation forecast lowest since 1995

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Staff Writer | January 25, 2019
The Broad National Consumer Price Index (IPCA-15), considered a “preview” of the official inflation rate, reached 0.3% in Brazil in January (the lowest for the month since 1995) and a last-twelve-month accumulated rate of 3.77%.
Brazil manufacturing
LatAm   The lower inflation driver in the month was the transport group
The numbers were released by the Brazilian Institute of Geography and Statistics (IBGE).

According to IBGE, the lower inflation driver in the month was the transport group, which saw a 0.47% deflation due to the lower price of fuel. Gasoline (-2.73%) prices fell for the second consecutive month, causing the largest individual impact on the index (-0.12 pp).

The food group saw the strongest price gains in the month. According to the survey, household food prices accelerated 1.07% in the month, while the average cost of eating climbed 0.53%.