IPCA: Brazil's September inflation skyrockets with higher electricity bills and food prices
IPCA rises 0.82% in the month, after deflation in August, pressured by electricity, airfare, and rising food prices. Read at Gazeta do Povo.
TL;DR
- Brazil's official inflation (IPCA) rose 0.82% in September, following a 0.32% decrease in August.
- The main drivers of the inflation were increases in electricity bills, food prices, and transportation costs.
- The Housing group saw a 2.31% advance, largely due to a 7.98% rise in residential electricity prices.
- Transportation costs increased by 0.89%, with airfare up 9.66% and fuel prices rising by an average of 1.41%.
- Food and beverages prices increased by 0.83% after three months of consecutive decreases, with notable surges in tomato, potato, and onion prices.