Consumer prices increase by 0.31% in Sao Paulo in the first reading of April, reports FIPE

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The Consumer Price Index (CPI), which measures inflation in the City of Sao Paulo, increased by 0.31% in the first reading of April, after hitting 0.14% at the end of March, according to data published by the Economic Research Institute Foundation (Fipe).

The upward pressure came from the Food group, which rose from 0.34% to 0.84% from the last reading of March to the first reading this month. This group added 0.20% percentage points to the indicator during the period. Other increases came in the groups of Housing (from 0.19% to 0.32%), Personal Expenses (increasing from 0.17% to 0.23%), Health (rising from 0.72% to 0.87%) and Clothing (from -0.04% to 0.05%).

Education was stable at 0.06%, while transport fell by 0.49% to 0.61% in the first reading of the month.

Below are the components of the FIPE CPI with results for the first reading of April.

Housing: 0.19%

Food: 0.34%

Transport: -0.49

Personal Expenses: 0.17%

Health: 0.72%

Clothing: -0.04%

Education: 0.06%

General Index: 0.14%

The IPC-Fipe measures inflation for families with incomes up to ten minimum wages living in the city of São Paulo.

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