Inflation becomes negative at 0.21%, lowest rate for November since 1994 – 07/12/2018



[ad_1]

The IPCA (Extended Consumer Price Index), which measures official inflation in the country, was negative at 0.21% in November, after rising by 0.45% in October. This result is the lowest since June 2017, when the IPCA index was -0.23%. For one month in November, it was the lowest rate since the implementation of the Real Plan in 1994.

During the 12-month period, the IPCA increased by 4, 05%. The result is within the target limit set by the government to keep inflation at 4.5% during the year with a tolerance of 1.5 points up or down, that is, it can vary between% and 6%.

During the year, the indicator peaked at 3.59%.

Read also:

Fuels fall

According to research, the transport group experienced a fall of 0.74% and fired deflation in November. Fuels were 2.42% cheaper on average. See the variants:

  • gasoline: -3.07%
  • oil: -0.58%
  • ethanol: -0.52%
  • gasoline vehicle: + 5.45%

]

Electricity also posted a negative change (-4.04%) in November, according to the IBGE. "In November, the yellow flag came into effect, with an additional fee of R $ 0.01 per kWh consumed.In October, additional charges amounted to R $ 0.05 per kwh consumed," said l & # 39; institute.

The Most Expensive Food

Food and beverage prices, on the other hand, rose 0.39% on average last month. See the highlights:

  • Onion: + 24.45%
  • Tomato: + 22.25%
  • Potato: + 14.69%
  • Vegetables: + 4.43% 19659019] During this time, long-life milk decreased by 7.52%.

    Inflation below the target in 2017

    For the first time in its history, inflation ended the year 2017 at 2.95% and was below the minimum limit of the government's goal. Earlier this year, Central Bank President Ilan Goldfajn had sent a letter to the then minister, Henrique Meirelles, informing him that the goal had not been reached. last year due to drop in food prices after record harvests.

    The letter is a requirement in case of non-compliance with the goal of inflation.

    Waiting for 2018

    The expectation of badysts consulted by the Central Bank is that inflation will end in 2018 at 3.89%.

    With GDP growth of 1% (gross domestic product) in 2017, the country begins to break out of the hole, after the economy shrank by 3.5% in 2016 and in 2015. But the recovery is slow and, according to experts heard by UOL it will take at least two years to the economy to reach its level of government. before the crisis.

    In the third quarter of this year the Brazilian economy grew by 0.8% compared to the previous quarter. and 1.3% in the annual comparison.

    Interest x inflation

    In an attempt to control inflation, the central bank can use the interest rate. In general, when inflation is high, British Columbia raises interest rates to reduce consumption and force prices down. In October, the British Columbia Monetary Policy Committee decided to keep the interest rate at 6.5% a year, lower (19659033)

    A mother tells how to raise seven children with a minimum wage

    BBC Brasil

[ad_2]
Source link