Brazil inflation at 1.16% in September

Brazil’s National Broad Consumer Price Index, or IPCA, reached 1.16 percent in September. Calculated by the government’s statistics agency IBGE, this is the highest inflation rate for September since 1994 (1.53%).

Compared to August, the IPCA stood at 0.29 percentage points above the month’s 0.87 percent. For the 12-month span, the index is 10.25 percent above the 9.68 percent reported in the 12 months prior.

September’s percentage was pulled by housing—up 2.57 percent (0.41 percentage points)—and transport—1.82 percent (0.38 percentage points). According to analysis by IBGE, the increase in the electric energy tariff (6.47%) boosted the hike in housing. For transport, the performance was caused by the surge in fuel prices (2.43%).

The IPCA is measured across 15 Brazilian capitals and the Federal District, surveying families with an income of one to 40 minimum wages.