Consumer inflation in Sao Paulo slows in the second reading of May, reports FIPE

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The Consumer Price Index, which measures inflation in the city of Sao Paulo, rose 0.30% in the second reading of May, according to data published by the Foundation for Economic Research (FIPR). This was against the first reading of May of 0.58%.

During the period, housing costs fell by 0.29%, reversing the 0.25% increase recorded in the first part of the month.

In addition, four of the seven components of the IPC-FIPE had lighter increases in the second reading of the month.

This was the case for food (from 1.08% in the first week to 0.58% the second week of May), personal expenses (from 0.43% to 0.30%), health (1.50% to 1.36%) and education (from 0.12% to 0.08%).

On the other hand, transport costs rose by 0.82% in the second preview of this month, after advancing by 0.55% in the first reading.

Housing: -0.29%

Food: 0.58%

Transport: 0.82%

Personal Expenses: 0.30%

Health: 1.36%

Clothing: 0.07%

Education: 0.08%

General Index: 0.30%

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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