Consumer inflation falls to 0.44% in the second reading of April compared to 0.49% at the start of the month, says FGV

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The weekly Consumer Price Index (CPI-S) fell to 0.44% in the second week of April, from 0.49% in the first measurement of the month reported the Getulio Vargas Foundation (FGV).

Out of the eight classes reported by FGV, there were notable declines for housing (0.78% to 0.36%), clothing (-0.20% to -0.64%) and miscellaneous expenses (0.77 to 0.54%).

On the other hand, there were increases for transport (-0.39% to -0.21%), health and personal care (0.79% to 0.94%), education, reading and recreation (0.10% to 0.37%), food (1.03% to 1.06%) and communication (-0.65% to -0.39%).

The IPC-S is calculated in seven Brazilian capitals: São Paulo, Rio de Janeiro, Belo Horizonte, Recife, Salvador, Porto Alegre and Brasília.

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