Inflation for lower-income families reaches 6.22% in 2016
The Consumer Price Index—1 Class (IPC-C1) that measures inflation for families with monthly income of up to $680.00 reached 6.22% in 2016. The rate is lower than the 11.52% posted in 2015, according to data released Thursday (Jan. 5) by the Getulio Vargas Foundation (FGV).
However, the IPC-C1 stood above the 6.18% gauged by the Consumer Price Index—Brazil (IPC-BR), which measures inflation for all income groups.
Among the expenditure groups analyzed, the highest rates of inflation in 2016 were reported in sundry expenses (11.21%), health and personal care (9.73%), and education, reading and leisure (8.88%).
The food sector posted a year-to-date inflation of 7.1%, and transport, of 7.8%. The lowest rates were reported in housing (2.9%), communication (3.1%), and clothing (3.59%).
Translated by Amarílis Anchieta
Fonte: Inflation for lower-income families reaches 6.22% in 2016
