RIO DE JANEIRO, BRAZIL - Brazil's inflation in August was once again above market expectations. The National Wide Consumer Price Index (IPCA) reached 0.87%, the highest for the month since 2000. In July, the indicator had been 0.96%.
The data, released this Thursday (9/9) by the Brazilian Institute of Geography and Statistics (IBGE), show that in 12 months, inflation has accumulated 9.68%. Compared to August last year, the increase was 0.24%.
INFLATION BY GROUP
Eight of the nine product and service groups experienced price hikes in August, especially transportation. Driven by fuels, the group registered . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here