The Sao Paulo Consumer Price Index (CPI), measured by the Foundation for Economic Research (FIPE) increased by 0.6% over the second period of the month according to figures released this morning.
Food prices dropped by 0.01% in the third forecast of March while declines of personal expenses and clothing items eased (both -0.03% in this reading). Housing costs slowed (from 0.38% to 0.28%) and transport deflation intensified (from -0.11% to -0.41%).
Below are the segments that make up the FIPE-CPI
Personal Expenses: -0.03%
General Index: 0.06%