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Official inflation increases 0.42% in October, says IBGE


In the year, the indicator registered a high of 2.21%, the lowest value accumulated for the indicator until October since 1998

With lower food and housing prices, the Extended Consumer Price Index (IPCA), which measures the country's official inflation, varied by 0.42% in October. In the year, the indicator marked 2.21%, the lowest accumulated inflation for October since 1998.

In the last 12 months ended in October, inflation accumulated a 2.70% variation, with a slight increase in relation to the immediately previous period. This acceleration is explained by the increase in light bills during the month. The data were released on Friday (10) by the Brazilian Institute of Geography and Statistics (IBGE).

In the month's result, food and beverage prices fell for the sixth time in a row to 0.05%. Prices of household items, in turn, slowed 0.39%, due to lower prices for home appliances.

In the case of food, which corresponds to the majority of household expenditures, the fall was caused by lower prices of mulatto bean (-18.41%), garlic (-7.69%), bean-carioca (-3, 29%), crystal sugar (-3.05%), long-life milk (-2.99%) and rice (-1.14%). 

Fall trajectory

Influenced by the planned food supersession and the resumption of the economy, official inflation dropped from a level of 9.32% in May last year to 2.70% in the last 12 months.

This means that the cost of living for Brazilians is lower, since controlling inflation prevents wages from losing value.  

For this year, experts estimate that the IPCA will end the year at 3.08%. In 2018, the bet is that inflation will be 4.02%.

Source: Government of Brazil, with information from IBGE and Central Bank