Brazil: Inflation rises mildly in August
Consumer prices rose 0.11% in August over the previous month, which was below July’s 0.19%. The result was driven by falling prices for food and beverages, and transportation products.
Inflation edged up to 3.4% in August from July’s 3.2%. July’s reading had marked the lowest inflation since May 2018. Inflation is at a low level and is below the Central Bank’s target of 4.25% for the end of 2019.
Annual average inflation, however, was unchanged at July’s 4.1% in August.