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Brazil January inflation forecast lowest since 1995

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Staff Writer | January 25, 2019
Brazil manufacturing
LatAm   The lower inflation driver in the month was the transport group

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%.

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%.

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