Brazil: Inflation rises in August
September 5, 2014
Consumer prices increased in August, rising 0.25% over the previous month. The print was above the 0.01% increase recorded in July and met market expectations. July’s print represented the lowest monthly increase in consumer prices since July 2010. Among the categories that tallied price increases, prices rose the most for housing and household articles. Conversely, prices for food and beverages as well as for clothing declined in August.
As a result of the monthly reading, annual headline inflation was stable at July’s 6.5% in August. Inflation is resting on the upper limit of the Central Bank’s tolerance margin of plus/minus 2.0 percentage points around its target of 4.5%.