In July, consumer prices added 0.16% over the previous month, which was virtually unchanged from the 0.15% increase tallied in June and broadly in line with market expectations of a 0.18% monthly increase. The pattern of price changes broadly mirrored that of June, with the notable exception of transport prices, which added 0.46% month-on-month (June: -0.61% mom), due to higher fuel costs. As a result, annual headline inflation went up from 6.7% in June to 6.9% in July, the fastest pace in six years, and lingers above the tolerance margin around the Central Bank's target of 4.5% ( 2.0 percentage points) for a fourth straight month. Despite mounting inflationary pressures, the Central Bank expects inflation to decline to 5.8% by the end of 2011 and to 4.8% by the end of 2012.
Inflation edges up on higher gasoline prices
August 5, 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.