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The IPCA (Comprehensive Consumer Price Index), the country’s official inflation, accelerated to 0.89% in November, after closing at 0.86% in October. This is the highest one-month result in November since 2015, when the indicator was 1.01%. In November 2019, the indicator had been 0.51%.
In the year, inflation accumulates a maximum of 3.13% and, in 12 months, 4.31%, above the center of the government’s goal for 2020, which is 4%, with a margin of 1.5 percentage points for plus or minus (that is, it can vary between 2.5% and 5.5%). This year, 12-month inflation had already exceeded the target in January and February.
The data were published today by the IBGE (Brazilian Institute of Geography and Statistics) and refer to families with incomes between one and 40 minimum wages.
Inflation in November was driven primarily by higher food and fuel prices.
The scenario is similar to what we have seen in recent months, in which the food and beverage group continues to have a significant impact on the result.
Peter Kislanov, manager search for
Meat, potatoes and tomatoes rise from food
In the food group, the components that put the greatest pressure on the index were meats, which rose 6.54% in November, English potatoes, which rose 29.65%, and tomatoes, with an increase of 18 ,Four. Five%. .
In addition to these, other important products of the family basket also rose, such as rice (6.28%) and soybean oil (9.24%). As a result, the food and beverage group varied by 2.54%.
Other positive variations were beer (1.33%) and soft drinks and mineral water (1.05%) consumed outside the home, which decreased in October.
Gasoline rises for the sixth consecutive month
The transportation group, which rose 1.33%, was the second biggest influence on the November index. The group’s inflation was caused by the increase in the price of gasoline (1.64%).
“It is the sixth consecutive increase in gasoline and, in addition, we had an increase of 9.23% in ethanol and other components that have a lot of weight in transportation, as is the case with both new and used cars,” said the researcher. , also highlighting the increases in voluntary vehicle insurance and transportation by request.
Together, the food and beverage and transportation groups accounted for about 89% of the November IPCA increase.
