Brazil: Inflation accelerates in September from August
Latest reading: Consumer prices were up 5.2% on a year-on-year basis in September, following a 5.1% increase in the previous month.
Relative to the previous month’s data, there were higher price pressures for housing and utilities (+6.3% in annual terms vs +5.0% in August) and clothing (+4.9% vs +4.5% in August). In contrast, there were reduced price pressures for transportation (+3.2% vs +3.3% in August) and food and beverages (+6.6% vs +7.4% in August). Finally, the variation in education prices was the same as in the prior month (+6.2% in September and August).
Meanwhile, core consumer prices were up 5.6% in annual terms in September, following a 5.4% rise in the prior month.
Lastly, consumer prices rose 0.48% in September in month-on-month terms, following a 0.11% fall in the previous month.