Inflation reported at 0.42% in October
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IPCA's accumulated rate for 2014 is 5.05%, and 6.59% in the 12-month analysis, which is above the target ceiling set by the government (6.5%).
The National Broad Consumer Price Index (IPCA), which measures Brazil's official inflation, was reported to stand at 0.41% in October this year. The rate is lower than that of September this year and October last year, which had been 0.57% in both periods.
IPCA's accumulated rate for 2014 is 5.05%, and 6.59% in the 12-month analysis, which is above the target ceiling set by the government (6.5%). Figures were released today (Nov 7) by the Brazilian Institute of Geography and Statistics (IBGE).
Foods were seen to face the lowest rise in inflation from September to October this year (0.46%). Nonetheless, this group remains as the one with the most significant influence over the official inflation rate. Among the food items that experienced the largest price hikes are fruit (1.7%) and meats (1.46%).
Expenditures with housing were also seen to increase in October (0.68%) more than September (0.78%), but, like the foodstuffs, housing also made a considerable impact on inflation, along with transport, up 0.39%.
Translated by Fabrício Ferreira
Fonte: Inflation reported at 0.42% in October
