Brazil: Inflation hits highest level since February 2016 in September
Consumer prices rose a seasonally-adjusted 1.16% over the previous month in September, coming in above the 0.87% rise seen in August. Looking at the details of the release, the sharper rise was primarily due to faster growth in prices for transportation and housing. September’s reading was the 16th consecutive month of rising consumer prices.
Inflation came in at 10.2% in September, up from 9.7% in August. September’s reading marked the highest inflation rate since February 2016. Meanwhile, the trend pointed up, with annual average inflation coming in at 6.7% in September (August: 6.1%).