A natureza da inflação de serviços no Brasil: 1999-2014

This paper aims to shed light on the dynamics of Brazilian services inflation in the 1999-2014 years. In order to do that, it first identifies all disaggregated components of the Brazilian consumer price index (IPCA) that can be characterized as services. These components are then translated into activities compatible with the Brazilian National Classification of Economic Activities (CNAE) version 2.0. This translation allows the extraction of structural data on (value added, occupations, wages, etc.) the aforementioned services from several Brazilian databases - most notably the Annual Services Survey (PAS), the National Household Survey (Pnad) and administrative records of the Ministry of Labour. These new structural data do corroborate preexisting views on the determinants of Brazilian services inflation, but they also extend them, suggesting, in particular, that attention should be paid to a handful of sectors with exceptional rates of growth in value added and/or occupation and/or wages that can be subjected to specific public policies.