Brazil records 0.08% deflation, lowest consumer price variation for June since 2017
In June 2023, Brazil experienced a 0.08% decrease in prices, largely attributed to the decline in food prices.
The Broad National Consumer Price Index (IPCA), which tracks changes in the cost of a set of consumer goods and services, registered an accumulated increase of 2.87% for the year and 3.16% over 12 months.
This marks the lowest IPCA variation for June since 2017, according to the Brazilian Institute of Geography and Statistics (IBGE).
A notable decrease in the Food and Beverages category (-0.66%) significantly contributed to this deflation. Additionally, lower Transportation costs (-0.41%) played a role in reducing the index.
Other categories that recorded price drops include Household Goods (-0.42%) and Communication (-0.14%).
However, the Housing sector saw a 0.69% price increase primarily due to higher residential electricity costs (+1.43%), resulting from adjustments in several Brazilian cities.
The Health and Personal Care category reported a minor inflation of 0.11% in June, spurred by a 0.38% rise in health plan costs following a permissible adjustment of up to 9.63% by the National Social Security Agency (ANS).
Lastly, the Transportation group’s fall was influenced by lower prices for new (-2.76%) and used cars (-0.93%) and a 1.85% drop in fuel prices, with diesel, ethanol, vehicular gas, and gasoline all seeing reductions.
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.30%
179,722.48
+1.30%
65,314.78
-0.18%
11,315.26
-1.14%
3,049,455
+0.51%
2,470.26
+1.86%
59,450.29
+0.11%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 179,722.48 | +1.30% | +21.85% | 177,418.78 | 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 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
Read More from The Rio Times