Brazil: Inflation hits six-month high in September
October 9, 2020
Consumer prices rose a seasonally-adjusted 0.64% from the previous month in September, up from August's 0.24% rise and marking the sharpest increase in prices since December 2019. Looking at the details of the release, prices for food and beverages rose at a quicker pace in September compared to the previous month, while price pressures for housing also picked up pace.
Inflation increased to 3.1% in September, above August’s 2.4%. September's figure marked the highest inflation rate since March. Meanwhile, the trend was unchanged with annual average inflation coming in at August's 3.0% in September.
Author: Hanna Andersson, Economist