Brazil: Inflation inches up in September
October 5, 2012
In September, consumer prices increased 0.57% over the previous month, which was above the 0.41% rise recorded in August and virtually matched market expectations of a 0.56% price increase. The result mainly reflected higher prices for food and beverages. As a result of the monthly price rise, annual headline inflation inched up from 5.2% in August to 5.3% in September, which remains within the Central Bank's target of 4.5% with a tolerance margin of plus/minus 2.0 percentage points.