IPCA-15: prices rise 0.78% in February, with education adjustments

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The ‘inflation preview’ accumulates 4.49% in the 12-month window. Education Group had an increase of 5.07% and an impact of 0.30 percentage points on the general index. Education Group had an increase of 5.07% and an impact of 0.30 percentage points on the general index. Disclosure/Solidarity Course The Broad National Consumer Price Index 15 (IPCA-15) — considered the preview of the country’s official inflation — recorded an increase of 0.78% in prices in February, reported this Tuesday (27) the Brazilian Institute of Geography and Statistics (IBGE). The month of February is usually heavily influenced by a seasonal increase in the Education group, due to school readjustments. The segment had an increase of 5.07% in the month and an impact of 0.30 percentage points (pp) on the general index. (learn more below) Thus, the index had a strong acceleration of 0.47 pp compared to the previous month, when it increased 0.31% for January. In February 2023, the IPCA-15 was 0.76%. With the results, the IPCA-15 accumulated 4.49% in the 12-month window. The numbers came in below financial market expectations. Expectations were for an increase of 0.80% in February, reaching 4.5% in 12 months. This report is being updated. Only the Clothing group recorded deflation in February, with a 0.39% drop in prices, following a 0.22% increase in January. All other eight groups rose on this measurement. See below the variation of the groups in February Food and beverages: 0.97%; Housing: 0.14%; Household items: 0.45%; Clothing: -0.39%; Transport: 0.15%; Health and personal care: 0.76%; Personal expenses: 0.46%; Education: 5.07%; Communication: 1.67%. Education drives the increase February’s results are, in general, higher due to school readjustments that happen all at once. In Education (5.07%), the biggest contribution comes from regular courses (6.13%). All sub-items of private schools had significant increases, such as secondary education (8.58%), primary education (8.23%), pre-school (8.14%) and daycare (5.91%) . Furthermore, technical courses (6.01%), higher education (3.74%) and postgraduate studies (2.81%) also rose. The Food and beverages group had a slight slowdown, but still has a relevant contribution to the IPCA-15 result. The increase in the month was 0.97% against 1.53% last month. The weight in the index, however, was still 0.20 pp upwards. Food at home is still under pressure from scarcer supply and the effects of El Niño. The increase was 1.16% in February, with highlights being carrots (36.21%), potatoes (22.58%), carioca beans (7.21%), rice (5. 85%) and fruits (2.24%). Food away from home accelerated, 0.48% in the month against 0.24% in January. Meals (0.35%) and snacks (0.79%) rose more than in the previous month (0.32% and 0.16%).

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