Rio de Janeiro – Buoyed by rising prices of foods, fuels and electricity, Brazil’s official inflation rate, measured by the Extended Consumer Price Index (IPCA), was up 10.67% in 2015, the highest number since 2002, and much higher than both the midpoint (4.5%) and the upper threshold (6.5%) of the Central Bank’s inflation target range.<\/p>\n
The new number was released this Friday (8) by the Brazilian Institute of Geography and Statistics (IBGE). Primary factors driving the two-digit inflation rate included electricity prices, at 1.5 percentage point, and fuel prices, at 1.04 percentage point. These two products combined account for 24% of the annual index. <\/p>\n
IBGE said that in 2015, consumers paid more for “all categories of goods and services that make up the cost of living,” especially housing-related expenses, which soared 18.31%. Year-on-year, inflation slowed down only for household items.<\/p>\n
The survey also shows that the biggest hike in inflation took place in the first quarter, at 3.83%, due to significant increases in urban and inter-municipal bus rates and in power, water and sewage bills. “For the latter two, there were both regular and extraordinary increases.” <\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The index is the highest since 2002 in Brazil. According to a survey, last year, Brazilians paid higher prices for ‘all goods and services categories that make up the cost of living.’<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-53035","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The index is the highest since 2002 in Brazil. According to a survey, last year, Brazilians paid higher prices for 'all goods and services categories that make up the cost of living.'","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=53035"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53035\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=53035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=53035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=53035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}