Brazil’s Weekly Consumer Price Index up 0.92% in July; 12-month rise is 8.76%

The index has accumulated an 8.76% hike in the 12-month period through July. The highlight in the month was the 2.09% rise in housing prices.

RIO DE JANEIRO, BRAZIL - The Weekly Consumer Price Index (CPI-W) climbed 0.92% in July after rising 0.64% the month before, with housing and education prices rising significantly. The Getúlio Vargas Foundation (FGV) on Monday reported that the index has now accumulated a 12-month increase of 8.76%.

The highlight in July was the 2.09% hike in housing prices, rising from 0.89% in June. Electricity prices alone spiked 7.80%. Education, Reading, and Recreation costs climbed 1.42% in July, against a 1.15% rise in June.

The June/July sector price variations . . .

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