IBGE reports inflation in Brazil drops to 0.47% in May; lowest monthly increase since April 2021
RIO DE JANEIRO, BRAZIL – According to the Brazilian Institute of Geography and Statistics (IBGE), inflation slowed to 0.47% in May. The data was released on Thursday (Jun 9, 2022).
The result was the lowest monthly increase since April 2021, when the IPCA (National Wide Consumer Price Index) rose 0.31%. The percentage was also below the median of financial market estimates, which indicated a rate of 0.60% for May.
The May rate was 0.59 percentage points below the April rate of 1.06%.
Cumulative inflation for the year is 4.78%. In 12 months, the index fell from a high of 12.13% to 11.73%. According to the IBGE, the IPCA has been fluctuating in double digits for nine months.
The institute said that 8 of the 9 product and service groups studied saw an increase in the index in May. The highest increase was in apparel at 2.11%.
Despite the rate, the group influenced the index by 0.09 percentage points. Transportation (+1.34%) boosted the index by 0.30 percentage points. Food and beverages (+0.48%) influenced the index by 0.10%.
The increase mainly influenced the result in the Apparel group (+2.11%) in Men’s Apparel (+2.65%), Women’s Apparel (+2.18%), Children’s Apparel (+2.14%), and Footwear and Accessories (+2.06%).
In the transport group (+1.34%), airline tickets (+18.33%) made the most significant contribution. They had the biggest impact on the monthly index (0.08 percentage points), along with pharmaceutical products (+2.51%), which belong to the health and personal care products group (+1.01%).
The National Consumer Price Index (INPC) – which adjusts the floor of pensions and the minimum wage – rose 0.45% in May, lower than the April rate (+1.04%).
The cumulative rate for the year reached 4.96%. On a 12-month view, the index decreased from 12.47% to 11.90%. It has been in double digits for ten consecutive months.
Live Market IntelligenceBrazil — Live Market Board
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Brazil — Live Market Board
+1.85%
171,031.73
+1.85%
65,729.18
+2.14%
11,338.38
+0.89%
2,913,184
+1.35%
2,459.23
+0.61%
58,698.13
+2.60%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 171,031.73 | +1.85% | +21.85% | 167,927.15 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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