By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – As expected, airline tariffs and hotel costs registered a downward trend after the end of the World Cup, leading to a decline in Brazil’s inflation rate for July, according to the IBGE (Brazilian Statistics Bureau). The IPCA (Consumer Price Index) registered a decline from 0.4 percent in June to 0.1 percent in July.
“[In June] Air travel increased a great deal due to the World Cup, while in July the segment registered a retraction. The same thing was seen in hotel accommodations,” said Eulina Nunes dos Santos . . .