Rio de Janeiro – The Extended National Consumer Price Index (IPCA), which measures the official inflation, stood at 0.24% in July of this year. In June, the IPCA had registered a deflation (price drop) of 0.23%. In July of last year, the inflation registered was of 0.52%.
Year-to-date, the IPCA is at 1.43% in 2017. Year-over-year, the inflation rate is at 2.71%, the lowest for this measure since February of 1999. The cumulative inflation rate is below the federal government’s fixed target of 4.5%. The data was made available this Wednesday (9) by the Brazilian Institute of Geography and Statistics (IBGE).
In July, household and transportation expenditures were the factors driving up the inflation. Household expenditures increased 1.64% while spending with transportation went up 0.34%.
*Translated by Sérgio Kakitani
