Inflation rate climbs 0.78% in May
08 de junho de 2016
It was the steepest increase in the official price index in a May since 2008. Housing was the sector responsible for the sharpest elevation in the period.
São Paulo – May’s official inflation rate sped up 0.78%, the sharpest raise for a month of May since 2008. According to the Brazilian Institute of Geography and Statistics (IBGE), the Extended National Consumer Price Index (IPCA) released this Wednesday (8) registered an increase of 4.05% year-to-date and of 9.3% year-to-year. Year-to-date up to May of last year, the rate registered 5.29%.
The housing sector climbed 1.79%, the sharpest increase among all. Healthcare and personal hygiene increased 1.62%, with foodstuff and beverages climbing 0.78%. The official inflation target is 4.5% per year, with a two point percentage variation up or down.
*Translated by Sérgio Kakitani