Rio de Janeiro – The National Consumer Price Index (IPCA) climbed 0.48% in September, announced this Friday (05) the Brazilian Institute of Geography and Statistics (IBGE). The indicator registers the country’s official inflation rate and increased over August, which saw a 0.09% deflation.
Year-over-year, from October 2017 to September 2018, the IPCA is at 4.53%. And year-to-date, the official inflation rate is at 3.34%.
Transportation was the sector with the biggest impact in September’s IPCA, going up 1.69% after a 1.22% decline in August. The increase was driven by fuel prices and was the highest for a September since the early days of Plano Real, in 1994.
IBGE’s manager of the National System of Consumer Price Indexes, Fernando Gonçalves, explained that the hike in diesel prices – 13% in refineries at the end of August – impacted the costs of the end consumer. Airline tickets also drove up transportation’s inflation rate with an increase of 16.81%.
Translated by Sérgio Kakitani
