Brazil: Inflation stable in September
October 7, 2015
Consumer prices in September increased 0.54% over the previous month. The print was above the 0.22% increase recorded in August and overshot market expectations of a 0.52% rise. The monthly result was driven largely by higher prices for transportation and housing as well as for food and beverages.
Inflation in September remained stable at August’s 9.5%. As a result, inflation remains far above the Central Bank’s tolerance margin of plus/minus 2.0 percentage points around 4.5%. Inflationary pressures have risen dramatically since the beginning of the year despite consistent hikes in the Central Bank’s SELIC interest rate.