Brazil mid-June inflation rises above 8% for first time in nearly five years

According to IBGE, prices rose in all nine groups of consumer goods and services covered.

RIO DE JANEIRO, BRAZIL - Brazilian consumer inflation, driven by strong rises in gasoline and electricity prices, rose above 8% through mid-June for the first time in almost five years, figures showed on Friday, June 25,

The IPCA-15 annual price index rose to 8.1% from 7.3% a month earlier, statistics agency IBGE said, another sharp rise that shows why the Central Bank last week again raised interest rates aggressively to try and keep 2022 inflation expectations in check.

That was the highest inflation level since October 2016, just shy of the 8.2% median forecast in a . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?