The National Consumer Price Index 15 (IPCA-15), considered a snapshot of inflation, recorded that the prices of goods and services in Brazil increased by 0.25% in December. The data was published this Tuesday (12/23) by the Brazilian Institute of Geography and Statistics (IBGE).
IPCA-15
- The IPCA-15 differs from the IPCA, which measures the country’s official inflation, in terms of geographic coverage and collection period, which begins on the 16th of the previous month. For this reason, it functions as an overview of the IPCA.
- The indicator collects data on families with income between 1 and 40 minimum wages. It covers: Rio de Janeiro, Porto Alegre, Belo Horizonte, Recife, São Paulo, Belém, Fortaleza, Salvador, Curitiba, Brasília and Goiânia.
As a result, 2025 closes with a cumulative inflation forecast of 4.41%. As a result, Brazil is not reaching the center of the 3% inflation target. However, with a tolerance gap of 1.5 percentage points, Brazil remains within the inflation target range set by the Central Bank.
Last year, December had a rate of 0.31% and cumulative inflation reached 4.83%.
According to the IBGE, of the nine groups of products and services surveyed, seven increased in December.
Check group variation
- Food and drinks: 0.13%.
- Housing: 0.17%.
- Household items: -0.64%.
- Clothing: 0.69%.
- Transport: 0.69%.
- Health and personal care: -0.01%.
- Personal expenses: 0.46%.
- Education: 0.00%.
- Communications: 0.01%.
The sectors with the largest price increases were transport and clothing, recording 0.69%. The Personal Spending group also saw a significant price increase of 0.46%.
The Articles and Residence group experienced a price drop of 0.64%, the largest of the month. Prices for health and personal care also fell by 0.01.
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