February 1, 2023

High food prices were twice the rate of inflation in 2022

São Paulo – With variations over the course of a year and a low period close to the election, the Expanded National CPI (IPCA) closed 2022 up 5.79%, after spending several months in the double digits. It was lower than in 2021 (10.06%), but it was the second-highest result of the previous government’s four years, in which inflation rates accumulated near 27%.

Health plans, pipe gas, clothing and airline tickets also had an impact on the annual inflation index, which was released on Tuesday morning (10) by IBGE. It wasn’t bigger because of the temporary drop in fuel. The national consumer price index (INPC) amounted to 5.93% last year.

According to the institute, the main influence of the IPCA, the country’s official inflation indicator, came from the group Food and drinks. The increase of 11.64% represents an impact of 2.41 percentage points, or just over 40% of the overall score. And twice higher than the general index. Next, with an increase of 11.43% and an effect of 1.42 points, was the Health and Personal Care group.

The most expensive food

In the food group, produce at home increased by 13.23%. The highlight is onions, which at 130.14% achieved the highest increase among the 377 sub-items that make up the IPCA. On the other hand, long-term milk increased by 26.18% and had an impact of 0.17 points in 2022. Milk prices rose sharply between March and July – in that month, they rose by 77.84% accumulated in the year.

Other highlights in 2022 were potatoes (51.92%), fruits (24%) and baguettes (18.03%). Cassava flour increased by 38.56% and Carioca beans by 27.77%. Eating out increased by 7.47%, with a 5.86% increase for meals and a 10.67% increase for snacks.

Heavy health plan

pre-existing Health and personal careThe largest impact in 2022 (0.61 percentage point) came from personal hygiene items, which increased by 16.69%. IBGE highlights fragrances (22.61%) and hair products (14.97%). In addition, the health plan rose 6.90% and had an impact of 0.25 points on the IPCA last year. Medicine prices rose 13.52%.

the group transmitWhich represents the main rally for most of the year, closed at -1.29% with an effect of -0.28 pips. The price of gasoline, for example, fell by 25.78% (-1.70 points). The declines were concentrated in the pre-election period, from July to September, with measures not yet adopted by the government and price cuts affected, among other factors, by a reduction in ICMS fuel collection by the states.

Clothing prices have gone up

The largest upward effect (0.49 points), in turn, came from variety registration and licensing (22.59%). At a slower pace, new and used car prices continued to rise last year: 8.19% and 2.30%, respectively. Airline tickets closed with an average increase of 23.53% with an impact of 0.14 points.

in the group clothes (18.02%), the IBGE indicates that women’s (21.35%) and men’s (20.77%) clothing prices were among the highlights in 2022. Children’s clothing increased by 14.41%, while shoes and accessories increased by 16.83%.

the group housing It was a small difference of 0.07%. The main increases came from residential rents (8.67%), water and sewerage rate (9.22%), and housing unit fees (6.80%). Together, these items accounted for a 0.62% impact on the 2022 IPCA. In addition, cleaning supplies (19.49%) and bottled gas (6.27%) were up. Residential Electricity, on the other hand, closed lower: -19.01%, with an effect of -0.96 points on the year. Pipe gas increased by 16.58%.

Inflation saw higher increases in Rio and Sao Paulo

Among the regions surveyed, the metropolitan area of ​​Rio de Janeiro had the highest change in the past year (6.65%) and Porto Alegre, the lowest (3.61%). In the 2022 total, Greater São Paulo recorded 6.61%, El Salvador 6.29% and Brasilia 6.26%.

In December alone, the IPCA index increased by 0.62%, with an increase across all groups surveyed. Again, the highlight is health and personal care (1.60%) and food and beverages (0.66%). The INPC rose 0.69%.

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