Inflation in Brazil reaches highest level for April in 27 years | News
The Brazilian Institute of Geography and Statistics (IBGE), revealed this Wednesday that the country exhibits, according to the National Consumer Price Index 15 (IPCA-15), an inflation for April of 1.73 percent, the highest for that month registered since 1995.
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That increase, which exceeds the March index by 0.78 percentage points, as detailed by the IGBE, responds fundamentally to the increase in fuel prices, whose rise was 7.54 percent; a situation that placed transportation as the group of products with the highest increase with 3.43 percent in the last 30 days.
In turn, the IGBE report details that compared to the same period of the previous year, the increase in this indicator behaved at a rate of 12.03 percent; with eight of the nine product groups included in the price survey showing an increase.
A #previousinflation April accelerated to 1.73%, 0.78 percentage point above the March tax rate (0.95%). No year, or IPCA-15 accumulated rise of 4.31% and, in 12 months, of 12.03%. In April 2021, the tax was 0.60%.
Conheça os itens que + impactaram na alta: https://t.co/sJao5b5aTZ pic.twitter.com/GDa2Pgq9Xd
— IBGE Communicates (@ibgecomunica)
April 27, 2022
In the case of fuels, said institution deepened that gasoline only rose 7.51 percentage points in the last month as a reflection of the highest average value at the national level of which there are historical records; while the National Petroleum Agency (ANP) confirmed that a liter of regular gasoline in Brazil costs an average of 7.27 reais (approximately 1.40 dollars).
Likewise, the second group with the highest increase in prices was food. The IBGE reported this Wednesday that the products of the food and beverage group whose average was set at 2.25 percent.
Reflecting the highest incidence in said increase tomato with 26.17 percent; long life milk (12.21), carrots (15.02), soybean oil (11.47), potatoes (9.86), and French bread (4.36 percentage points).
In the case of products associated with housing, their growth was set at 1.73 percent, mainly derived from the increase in the price of gas cylinders, whose rise was 8.09 percentage points.
Said increase was fundamentally associated with the fact that Petrobras raised its sales price to distributors by 16 percent.
The IPCA-15 index is calculated taking into account families with incomes from one to 40 minimum wages, and residents in the metropolitan regions of Belém, Fortaleza, Recife, Salvador, Belo Horizonte, Rio de Janeiro, São Paulo, Curitiba, Porto Alegre, as well as in the Federal District and the municipality of Goiânia.
The differences between the IPCA, which indicates the country’s official inflation, and the IPCA-15 only consist of the collection period and geographical scope of the samples. In this case, to establish the index in question, prices were collected between March 17 and April 13, which were compared with those in force for the period February 12-March 16.