Brazil: Inflation rises to highest rate in nearly three years
October 8, 2014
Consumer prices increased in September, rising 0.57% over the previous month. The print was above the 0.25% increase recorded in August and market expectations of a 0.47% rise. Among the categories that tallied price increases, prices rose the most for food and beverages.
As a result of the monthly reading, annual headline inflation increased from 6.5% in August to 6.7% in September. Inflation now rests at the highest level since October 2011 and is currently above the Central Bank’s tolerance margin of plus/minus 2.0 percentage points around its target of 4.5%.