In June, consumer prices added 0.15% over the previous month, which was below the 0.47% increase registered in May but exceeded market expectations that predicted a 0.07% monthly increase. The slower monthly price increase mainly reflected a decline in food prices (-0.26% month-on-month) as well as declining transport costs (-0.61% mom), due to lower gasoline prices. Despite the subdued monthly print, annual headline inflation inched up from 6.6% in May to 6.7% in June, which represented the highest rate since 2005 and exceeded the tolerance margin around the Central Bank's target of 4.5% ( 2.0 percentage points) for a third 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 rises to six-year high
July 7, 2011
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
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.