Brazil: Inflation rises in June
Latest reading: Inflation rose to 5.4% in June, following May’s 5.3%. Looking at the details of the release, prices for transportation plus housing and utilities rose at quicker paces in June. However, prices for food and beverages rose at a more moderate rate.
The trend pointed up mildly, with annual average inflation coming in at 4.9% in June (May: 4.8%). Meanwhile, core inflation rose to 5.4% in June from May’s 5.1%.
Lastly, consumer prices rose 0.24% in June over the previous month, which was below the 0.26% rise recorded in May. June’s result marked the weakest reading since January.