Brazil’s Inflation Slowing in July: Daily

By Lisa Flueckiger, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Inflation in Brazil is showing signs of slowing down this July, growing by only 0.24 percent after months of registering steady price hikes. This marks a decrease from last month's 0.74 percent increase in inflation and is mainly due to a fall in food prices, according to the General Market Price Index (IGP-M), which takes into account wholesale, consumer and construction costs.

However, economists expect inflation to keep growing in the coming months. Construction, as well as the retail and the wholesale sector in general saw lower . . .

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