Inflation in February was basically driven by the adjustment of tuition and school fees and increases in the transportation segment, such as airline tickets
Today, IBGE released February inflation measured by IPCA-15. The index rose 0.84% against the market projection of 0.57%.
A February inflation was basically driven by the adjustment of tuition and school fees and increases in the transportation segment, such as airline tickets – demand increased by carnival -, fuels – increase in ICMS – and readjustment of bus fares in some capitals. There was an increase in prices for health items as well, such as personal hygiene items and health plans.
These increases, combined with the inflationary acceleration against the previous month (0.20%), show that the game against inflation is far from won. Added to this is the increase in public spending, typical of an election year, which can bring more inflationary impacts by putting pressure on aggregate demand above supply capacity and reducing the power of monetary policy.
To be The result turns on a yellow light for the Central Bank. The Monetary Policy Committee is not expected to change the “contracted” cut for the next meeting, but perhaps the drop in the Selic will be smaller than expected.
There is no point in the Central Bank doing its part if the federal government does not cut spending. Until this happens, the inflation dragon will haunt the population.
*This text does not necessarily reflect the opinion of Jovem Pan.
