Inflation of poor households is three times higher than that of the richest

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The inflation rate of families with much lower income reached 0.98% in September this year, three times higher than that observed among the high income class (0.29%). The finding is the Inflation Indicator by Income Range of the Institute of Applied Economic Research (Ipea), released today (14).

Families with very low income are those with monthly household income below R $ 1,650.00. High-income families, on the other hand, are those with an income above R $ 16,509.66 per month.

The Ipea survey found that inflation increased, from August to September, in all income groups. It was higher among people with very low income, mainly because of the rise in food prices, which accounted for 75% of the September inflation rate. There was a price increase in the month, products such as rice (18%), oil (28%) and milk (6%).

In the year, the disparity is even greater. While the poorest felt a 2.5% price increase in their shopping basket, the most risky rose by just 0.2%. Among the foods that most influenced this price increase are rice (up 41% in the year), beans (34%), milk (30%) and soy oil (51%).

Another group that influenced this higher price increase for the poorest was housing, with inflations in products such as cleaning materials (1.4%) and bottled gas (1.6%).

Among the wealthiest, food and gasoline (up 2%) also had an impact, but inflation was eased by falling prices for items such as health insurance (-2.3%), monthly language courses (-1.5%) and IT (-1.6%).

In the accumulated result for the year, while the inflation of the poorest families points to an increase of 2.5%, the rate of change registered by the highest income class is only 0.2%.

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