In September, consumer prices increased 0.53% over the previous month, which was above the 0.37% increase recorded in August but slightly below market expectations of a 0.55% rise. The result mainly reflected higher prices in the food and transport categories. Annual headline inflation inched up from 7.2% in August to 7.3% in September and has been accelerating continuously since August 2010. Inflation, therefore, remains above the tolerance margin of the Central Bank's target of 4.5% ( 2.0 percentage points) for a fifth straight month. Despite mounting inflationary pressures, however, the Central Bank expects inflation to decline to 6.4% by the end of 2011 and to 4.7% by the end of 2012.
Higher food and transport prices fuel inflation
October 7, 2011
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Brazil Economic News
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.