Brazil: Inflation rises from multi-year low in October
November 10, 2017
Consumer prices in October rose 0.42% over the previous month, which was above September’s 0.16% rise. October’s reading undershot analysts’ forecasts of a more pronounced 0.47% rise. Higher prices were recorded for housing, transportation and three of the other seven categories of the index.
Inflation rose slightly to 2.7% in October, after coming in at an 18-year low of 2.5% in September. Historically low price pressures have been good news for the battered economy and allowed the Central Bank space to pursue an easing cycle to support a recovery.