Brazil: Inflation hits eight-month high in October
November 6, 2020
Consumer prices rose a seasonally-adjusted 0.86% over the previous month in October, which was below September’s 0.64% increase and marked the sharpest increase in prices since December 2019. Looking at the details of the release, transport prices rose at a faster clip in October compared to the previous month, while price pressures for health and personal care goods also gained steam.
Inflation rose to 3.9% in October, above September’s 3.1%. October's figure marked the highest inflation rate since February. Moreover, the trend pointed up mildly, with annual average inflation coming in at 3.1% in October (September:3.0%).
Author: Hanna Andersson, Economist