IPCA-15: Preview of inflation rises 0.20% in November, slightly above market expectations

The result shows a 0.02 percentage point increase compared to October, when the index rose by 0.18%. The variation also exceeded analysts’ expectations, who projected an increase of 0.18%, matching the pace of the previous month. In the year-to-date, the IPCA-15 rose by 4.15%. Over the last 12 months, the variation was 4.50%, lower than the 4.94% observed in the previous 12 months. In November 2024, the index was at 0.62%. Of the nine groups evaluated, seven showed increases in November. The highlight of the month was Personal Expenses, which recorded the highest increase of 0.85%, contributing 0.09 percentage point to the overall result. Following were Health and Personal Care, with a 0.29% increase, and Transportation, which rose by 0.22%—both adding 0.04 percentage point to the index. The other groups varied between a 0.20% decrease observed in Household Articles and a 0.19% increase in Clothing. For further details on the group variations in November: Food and Beverages: 0.09%, Housing: 0.09%, Household Articles: -0.20%, Clothing: 0.19%, Transportation: 0.22%, Health and Personal Care: 0.29%, Personal Expenses: 0.85%, Education: 0.05%, Communication: -0.19%. The highest increase in the Personal Expenses group (0.85%) was mainly driven by increases in accommodation (4.18%) and travel packages (3.90%). In Health and Personal Care (0.29%), the most influential item was health insurance, which increased by 0.50%. In Transportation (0.22%), the spotlight was on airfares, which rose by 11.87% and had the highest individual impact of the month (0.08 p.p.). Despite this, there was a 0.46% decrease in the fuel group. Only vehicle gas increased (0.20%). The other fuels decreased: ethanol (-0.54%), gasoline (-0.48%), and diesel (-0.07%). After five months of decline, Food and Beverages, the heaviest group in the index, returned to positive territory with a 0.09% increase. Home food continued to be negative (-0.15%), driven by declines in UHT milk (-3.29%), rice (-3.10%), and fruits (-1.60%). On the other hand, some items increased, such as potatoes (11.47%), soybean oil (4.29%), and meats (0.68%). Out-of-home food (0.68%) accelerated compared to October (0.19%). Meals went from 0.06% to 0.56%, while snacks increased from 0.42% to 0.97%. For Housing, there was a slight deceleration, with the variation going from 0.16% to 0.09% between October and November. The main negative influence came from residential electricity, which reduced the rate of decrease—from -1.09% to -0.38%—even with the red tariff flag level 1 in effect, adding $4.46 for every 100 kWh consumed. Among the items that increased in Housing, condo fees (0.38%) and residential rent (0.37%) stood out. * Report in update Manage personal finances well and reduce unnecessary expenses are important habits to adopt in the family. Summary of the day From Monday to Saturday, the news you can’t afford to miss directly to your email.