Brazil January inflation forecast lowest since 1995Staff 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%.
LatAm The lower inflation driver in the month was the transport group
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%. ■