Economy

Inflation preview rose 0.78% in December and closed the year at 10.42%, says IBGE

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The Extended National Consumer Price Index-15 (IPCA-15), preview of official inflation, rose 0.78% in December and ended the year 2021 with an accumulated increase of 10.42%, informed the IBGE (Brazilian Institute of Geography and Statistics) this Thursday (23).

In November, the IPCA-15 had risen 1.17%.

A Reuters survey of economists estimated an increase of 0.80% month-on-month and 10.45% year-on-year.

The country’s official inflation index is the IPCA (Extended National Consumer Price Index), also calculated by the IBGE.

The IPCA-15, as it was released earlier, signals a trend for prices. Hence, it is known as a preview.

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