The Extended National Consumer Price Index (IPCA) for December was 0.15%, being above -0.21% in November. This was the smallest change for one month in December since the beginning of the Real Plan in 1994.
As of December 2017, the index had been 0.44%. The accumulated IPCA in 2018 was 3.75%, 0.80 percentage points higher than the 2.95% registered in 2017.
The accumulated inflation in 2018 was mainly driven by the prices of fuels, electric energy, and health insurance.
In October, the index accumulated in 12 months reached 4.56%, but decelerated in the last two months of the year, favored by the fall in the price of gasoline and decline of the dollar. In November, the country recorded deflation of 0.21%, the lowest rate for the month since 1994.
By 2019, economists at financial institutions are projecting an IPCA of 4.01%, according to the Focus survey. This year's central target is slightly lower, at 4.25%.
The target will have been met if the IPCA is between 2.75% and 5.75%. Source: G1