IPCA: prices rise 0.16% in March, with a milder rise in food prices

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The country has accumulated inflation of 3.93% in 12 months. The result was below the expectations of the financial market, which expected an increase of 0.25% in the month. The Broad National Consumer Price Index (IPCA), considered the country’s official inflation, shows that prices rose 0.16% in March, according to data released this Wednesday (10) by the Brazilian Institute of Geography and Statistics (IBGE ). The biggest impact of the month came again from the Food and beverages group, with an increase of 0.53% and a weight of 0.11 percentage points (pp) in the general index. This is a lower monthly variation than in February, when the group’s prices had risen 0.93%. Thus, the final result of the month represents a slowdown compared to the previous month, as the IPCA had closed February with an increase of 0.83%. And in March 2023, it increased by 0.71%. As a result, the country has accumulated inflation of 3.93% in 12 months. Year to date, the increase is 1.42%. The March result was below the expectations of the financial market, which expected a 0.25% increase in prices. In total, an increase of 4.01% was expected. s Among the nine main IPCA groups, six showed increases in March. In addition to food, there was a significant increase in Health and personal care, with an increase of 0.43% in the month, representing 0.06 pp of the index. Last month, the annual adjustments for the Education group were also released, bringing a recurring upward impact to the month of February. Last month, the adjustments brought an increase of 4.98%. In March, the increase was 0.14%. See the results of the IPCA groups: Food and beverages: 0.53%; Housing: 0.19%; Household items: -0.04%; Clothing: 0.03%; Transport: -0.33%; Health and personal care: 0.43%; Personal expenses: 0.33%; Education: 0.14%; Communication: -0.13%. m

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