Airline prices skyrocket: see what else went up in June

Airline prices skyrocket: see what else went up in June

In the month, airfares were the second highest item, rising 11%. See what else went up in price in June and in the year so far

O airfare price was one of the highlights of inflation June, rising 11.32% this month alone, according to IPCA data, the main Brazilian inflation index, released this Friday, 8th, by the IBGE. Overall inflation in June was 0.67%.

In the last 12 months, airline tickets have increased by more than 122%, that is, they have more than doubled in price. The variation occurs mainly in view of the increase in demand with the reopening after the height of the pandemic, in addition to seasonal variations and the increase in the price of aviation kerosene.

In the month, airline tickets were the second highest item, behind strawberrywhich rose 13.3%.

Completing the list of the biggest highs of the month of June the long life milk (up 10.72%) and the striped carioca beans (9.74% increase).

At the other end, the carrot had the biggest drop in June (23.4% decrease), after record highs at the beginning of the year. Several fruits and vegetables also had a drop in prices.

Fuels were also a highlight among the falls, falling 1.20% (for vehicles), with reduction in gasoline prices (-0.72%) and especially ethanol (-6.41%). Diesel, on the other hand, went against the grain and rose almost 4% in the month.

While several items saw prices fall, food as a whole rose above inflation in June, up 0.80%. As this group is one of the most important in the Brazilian consumption basket, its rise led to an increase in general inflation in the month. The highlight was food away from home, which rose 1.26%. Another subgroup that had a strong impact on the basket was health plans, which rose almost 3% in June after a readjustment authorized by the regulator.

See below the biggest price increases in the month of June among the sub-items, in the accumulated of the first six months of the year and in the accumulated in 12 months.

Biggest highs in June

(monthly change; IPCA for the month was 0.67%)

  • Strawberry – 13.3%
  • Airfare – 11.32%
  • Long life milk — 10.72%
  • Beans – carioca (streaked) – 9.74%
  • Papaya – 9.07%
  • cucumber — 8.81%
  • Streaming Services — 8.08%
  • Zucchini – 7.21%
  • Passion fruit – 6.92%
  • Cilantro – 6.77%
  • Guava – 6.01%
  • Instant noodles – 4.99%
  • Beans – mulatto – 4.41%
  • Voluntary vehicle insurance — 4.16%
  • Condensed milk – 4.04%
  • Children’s coat — 3.90%
  • Male tracksuit – 3.89%
  • Diesel oil – 3.82%
  • Makeup Items — 3.79%
  • Natural flowers — 3.79%

Biggest rises in the year

(accumulated variation until June; IPCA in the period was 5.49%)

  • Strawberry – 106.81%
  • Melon – 64.60%
  • English potato – 55.77%
  • cucumber — 55.58%
  • Zucchini – 54.41%
  • Cabbage – 51.74%
  • Onion – 48.23%
  • Carrot – 45.67%
  • Mango – 43.67%
  • Long life milk — 41.76%
  • Beans – carioca (streaked) – 40.97%
  • Lettuce – 34.78%
  • Diesel oil – 33.39%
  • Green cabbage – 32.17%
  • Acai (emulsion) — 29.81%
  • Broccoli – 26.61%
  • Litter – 25.10%
  • Flour – 24.61%
  • Vehicle gas — 23.90%
  • Voluntary vehicle insurance — 23.61%

Highest highs in 12 months

(change accumulated in the last 12 months until June; IPCA in the period was 11.89%)

  • Airfare – 122.40%
  • cucumber — 95.81%
  • Carrot – 83.99%
  • Zucchini – 82.99%
  • Melon – 78.37%
  • English potato – 76.01%
  • Strawberry – 75.03%
  • Papaya – 74.55%
  • tomato — 67.04%
  • Transport by application — 62.56%
  • Ground coffee – 61.83%
  • Onion – 60.39%
  • Diesel oil – 56.36%
  • Pepper – 48.96%
  • Mango – 46.52%
  • Voluntary vehicle insurance — 40.18%
  • Passion fruit – 38.31%
  • Long life milk — 37.61%
  • Cassava (cassava) — 35.48%
  • Cabbage – 35.23%

How much was inflation in June?

THE inflation in the National Broad Consumer Price Index (IPCA), the main Brazilian inflation index, closed the month of June with a variation of 0.67%. The result was released this Friday, 8, by the IBGE.

The May result was slightly below the market consensus, which was up 0.71% for the month and 11.94% for the year, according to forecasts collected by Bloomberg.

Although within the consensus, the IPCA for the month rose compared to the May index (when the IPCA was 0.47%).

How much is inflation this year?

In the six months of the year until June, the accumulated increase is 5.49%, already surpassing in practice the ceiling of the Central Bank’s target for the entire year.

In the 12-month period, the variation in the IPCA was 11.89%. Inflation in Brazil surpassed double digits in September last year, and has not fallen below that level since then.

The June IPCA slightly below expectations may indicate that Brazilian inflation has reached its peak and may start to fall more sharply. However, external risks such as commodity prices and the war in Ukraine remain a concern.

With high inflation, Brazil is under the highest basic interest rate, the Selic, since 2016. At the last meeting of the Central Bank’s Monetary Policy Committee (Copom), on June 15, the interest rate was raised by 0 .50 percentage point, going to 13.25%. More increases are expected by the end of the year.

Source: Exam

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