The National Consumer Price Index-15 (IPCA-15) for October recorded an inflation rate of 0.54%.
This figure reflects various economic factors, including a notable decrease in transportation costs, which fell by 0.33%.The drop in transportation prices was primarily influenced by a significant reduction in airfare costs and the provision of free public transport on election day, October 6.Among the nine categories monitored, transportation was the only one to experience a price decline.
This decrease contributed negatively by 0.07 percentage points to the overall inflation rate.Had transportation prices remained stable, the IPCA-15 would have increased to 0.61%.
This recent decline follows previous increases in transportation costs, which rose by 1.12% in July and 0.83% in August.Specifically, airfare prices saw a substantial drop of 11.40%, impacting the IPCA-15 by a negative 0.08 percentage points.Brazils October IPCA-15 Inflation Rate at 0.54% as Transportation Costs Decline.
(Photo Internet reproduction)Public transportation also experienced a decrease of 3.22%, driven by lower fares for urban buses (down 2.49%), trains (down 1.59%), and metro services (down 1.28%).Fuel prices reflected minimal change, with an overall negative variation of 0.01%.
The price of vehicular gas decreased by 0.71%, while diesel saw a reduction of 0.23%.
Conversely, ethanol prices increased slightly by 0.02%, and gasoline prices remained stable.These trends highlight how external factors, such as government initiatives during elections, can significantly influence consumer costs.
Market fluctuations also play a major role in shaping overall inflation rates in Brazil.