Itaú BBA - IPCA climbed 0.48% in September, slightly above the median of market expectations

Macro Brazil

< Back

IPCA climbed 0.48% in September, slightly above the median of market expectations

October 5, 2018

Our preliminary estimate for the IPCA in October is a 0.53% increase


For the version with all charts and tables, please open the attached pdf file 
 

The consumer price index IPCA climbed 0.48% in September, in line with our estimate and somewhat above the median of market estimates (0.44%). Year-to-date, the IPCA went up 3.34% and the year-over-year change accelerated to 4.53% from 4.19% in August. The biggest upward contribution during the month came from transportation (0.31 p.p.), pressured by higher fuel prices – gasoline prices rose 3.9% at the pump and provided the biggest individual contribution (0.18 p.p.). Our preliminary estimate for the IPCA in October is a 0.53% increase, with the year-over-year rate picking up to 4.6%.
 

Elson Teles
Economist

 

For the version with all charts and tables, please open the attached pdf file 



< Back