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Brazil Inflation Hits 5.3%, Central Bank Set to Hold Rates Next Week
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Brazil inflation hits 5.3%, central bank set to hold rates next week
SAO PAULO (Reuters) -Brazil’s inflation remained well above the central bank’s target range in its mid-July reading, official data showed on Friday, as policymakers gather next week for a meeting at which they are widely expected to hold interest rates at a two-decade high. Inflation in Latin America’s largest economy hit 5.30% in the 12 months through mid-July, statistics agency IBGE said, up from 5.27% a month earlier and slightly above the 5.…
According to the IBGE, residential electricity weighed on the IPCA-15 for the month The post Preview of inflation accelerates to 0.33% in July appeared first on Monitor Mercantil.
The red flag in the light account and price adjustments in five capitals pressed the Brazilian bag in July, making the inflation advance stay in 0.33%, above the registered in June (0.26%). At the same time, the food price - an inflation villa in the last months - fell in the second month, helping to secure the National Price Index for the Amplo 15 (IPCA-15), which measures the advance of official inflation. Related News:The financial market red…
The result of July was slightly above the average of 25 projections of consultants and financial institutions consulted by the Data Value
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