June inflation the highest since 1995

IPCA, the official inflation rate indicator in Brazil, registered 1.26% in June, the highest rate for the month since 1995.

Agência Brasil

Rio de Janeiro – Boosted by the variation on food prices, the inflation rate, as measured by the Extended National Consumer Price Index (IPCA), ended June going up 1.26%, the highest rate for the month since the 2.26% registered in June of 1995. The data from the IPCA, the country’s official inflation rate, was released this Friday (06) by the Brazilian Institute of Geography and Statistics (IBGE).

The 1.26% registered by the IPCA in June means a price variation 0.86 percentage point above the 0.40% registered in May and is, according to IBGE, the first time since the 1.27% of January 2016 that the rate stays above 1.0%. In June of last year, there was a deflation of 0.23%.

The year-to-date IPCA went to 2.60%, above the 1.18% registered in the same period of last year. Meanwhile, year-over-year the IPCA went to 4.39%, against the 2.86% registered in the 12 previous months.

With a rate of 2.03%, the group of food and beverages, was the one with the strongest impact on the result. The sharpest increases occurred with UHT milk and whole chicken.

Translated by Sérgio Kakitani

Tânia Rego/Agência Brasil

Related Posts