Consumer Price Index in Brazil rises 1.20%, is highest for October since 1995
RIO DE JANEIRO, BRAZIL – The Broad National Consumer Price Index -15 (IPCA-15) accelerated to 1.20% in October, after hitting 1.14% in September, the Brazilian Institute of Geography and Statistics (IBGE) reported Tuesday.
In October 2020, the IPCA-15 had a variation of 0.94%. The 1.20% rise is the highest for October since 1995 (1.34%). It is also the highest monthly rate since February 2016 (1.42%).
The result was above the 28 projections of analysts from consulting firms and financial institutions consulted by Valor Data, which estimated an advance of 0.98% in October. The estimated range was 0.74% to 1.25%.
In the 12-month accumulated result, the IPCA-15 stood at 10.34% in October, against 10.05% through September. It is the highest accumulated result in 12 months since February 2016 (10.84%). The inflation target pursued by the Central Bank (BC) for 2021 is 3.75%.
Electricity was the primary influence on the IPCA-15 hike in October. The item’s price rose 3.91% and accounted for 0.19 percentage points of the index’s 1.20% rate.
The IPCA-15 is a preview of the IPCA, calculated based on a typical consumer basket for families with income between one and 40 minimum sakaries, covering nine metropolitan regions and Brasilia and the municipality of Goiânia. The difference in relation to the IPCA is in the collection period and the geographical coverage.
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Live Market IntelligenceBrazil — Live Market Board
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Brazil — Live Market Board
-0.43%
171,324.31
-0.43%
71,811.20
-0.27%
10,625.27
+0.69%
2,848,945
—
2,452.93
-1.35%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 171,324.31 | -0.43% | +8.69% | 172,060.43 | — | — | — |
| USD/BRL | 5.64 | +0.01% | +6.63% | 5.64 | 5.65 | 5.64 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 44.70 | +2.64% | +38.18% | 43.55 | 44.97 | 43.23 | 37,990,800 |
| VALE3 | 63.95 | -0.75% | -2.75% | 64.43 | 64.48 | 62.93 | 16,658,700 |
| ITUB4 | 41.68 | -0.10% | +6.58% | 41.72 | 41.95 | 41.12 | 22,298,600 |
| BBDC4 | 14.32 | -0.07% | -26.34% | 14.33 | 14.33 | 13.92 | 62,054,800 |
| BBAS3 | 15.48 | -8.35% | -32.11% | 16.89 | 15.67 | 14.72 | 146,447,300 |
| B3SA3 | 14.76 | -0.27% | +4.53% | 14.80 | 14.90 | 14.47 | 48,848,300 |
| ABEV3 | 15.75 | -0.63% | +15.64% | 15.85 | 15.92 | 15.62 | 45,131,700 |
| WEGE3 | 51.65 | +0.08% | +15.06% | 51.61 | 52.04 | 51.17 | 5,287,600 |
| PRIO3 | 63.30 | +2.98% | +58.21% | 61.47 | 63.87 | 60.79 | 6,527,400 |
| SUZB3 | 56.04 | +4.16% | +16.58% | 53.80 | 56.06 | 53.75 | 8,381,600 |
| RENT3 | 29.58 | -2.18% | -31.31% | 30.24 | 30.42 | 29.05 | 11,810,900 |
| AZZA3 | 16.90 | +9.95% | -42.83% | 15.37 | 18.57 | 16.14 | 7,839,300 |
| CSNA3 | 4.23 | -6.42% | -51.55% | 4.52 | 4.48 | 4.19 | 18,970,400 |
| GGBR4 | 24.97 | -1.11% | +31.08% | 25.25 | 25.26 | 24.69 | 4,076,200 |
| ENEV3 | 27.00 | -1.39% | +40.26% | 27.38 | 27.11 | 26.53 | 11,153,200 |
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