RIO DE JANEIRO, BRAZIL - High and persistent inflation focused much attention on Friday (24), with the release of the IPCA-15's 1.14% rise in September, which brought the accumulated figure for the past 12 months to 10.05%.
Another important indicator also made public the same day, albeit receiving less attention - the Consumer Confidence Index (ICC) of the Getúlio Vargas Foundation (FGV) dropped for the second consecutive month, a negative indication for economic activity in the coming months.
In September the ICC fell sharply, by 6.5 points, to 75.3 points, the lowest level since April . . .