The Broad Consumer Price Index (IPCA), which measures inflation in the country, advanced 0.38% in April, after rising 0.16% in the previous month. The information was released by Brazilian Institute of Geography and Statistics (IBGE) this Friday the 10th.
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In the last 12 months until April, the index accumulated an increase of 3.69%, against the 3.93% observed in March. In April 2023, the variation had been 0.61%.
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Inflation was driven by increases in medicines and food
Of the nine groups of products and services surveyed by IBGE, seven increased.
The biggest impacts on inflation came from the personal care and food and beverage groups. In the first case, the increase was 1.16% in the month and the impact was 0.15 percentage points. The rise occurred especially after the 4.5% adjustment in medicine prices, which came into force in March.
Highlights include increases in antidiabetic drugs (4.19%), anti-infectives and antibiotics (3.49%) and hypotensive and hypocholesterolemic drugs (3.34%).
The index was also driven by the group of food and beverages (0.70%), clothing (0.55%) and transport (0.14%). In this group the impact was also 0.15 percentage points.
The other groups were between residence articles (-0.26%) and communication (0.48%).
Read also: “Inflation preview: IPCA-15 rises in April, driven by rising food prices”
In food and beverages, food at home accelerated from 0.59% in March to 0.81% in April. Increases were observed in the prices of papaya (22.76%), onion (15.63%), tomato (14.09%) and ground coffee (3.08%).
The housing group fell 0.01% due to the 0.46% drop in the price of residential electricity.
In the transport group, only vehicle gas saw a 0.51% drop in prices, while ethanol rose 4.56%, gasoline rose 1.50% and diesel oil rose 0.32%.
Tags: Inflation rises April driven rising food medicine prices
