Brazil’s Inflation in July Eases as Strike Effects Decrease

For IBGE June's inflation hike was direct effect of May's truck drivers' strike and by August most of the negative effects of the eleven-day walkout should end.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – July’s IPCA (Consumer Price Index) registered an inflation rate of 0.33 percent in July, a steep decrease from the 1.26 percent rate registered in June, according to the IBGE (Brazil’s Statistics and Geography Institute). The plunge, say analysts is due to the artificial increase of inflation in June, due to the eleven-day truck drivers’ strike in May.

"In August we can have a better picture of the impacts of the truckers' strike, but apparently the reflexes were punctual in June," said IBGE IPCA manager, Fernando . . .

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