Economics
Brazil's September Inflation Accelerates More Than Forecast
- Annual consumer price increases running at double the target
- Traders skeptical the central bank can hold rates steady
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Brazil’s consumer prices in September rose more than economists forecast, as traders wager the central bank won’t be able to avoid raising borrowing costs again to tame above-target inflation.
Monthly inflation as measured by the benchmark IPCA index accelerated to 0.54 percent from 0.22 percent in August, the national statistics agency said in Rio de Janeiro. That was faster than the median 0.52 percent estimate from 40 economists surveyed by Bloomberg. Inflation in the 12 months through September slowed to 9.49 percent from 9.53 percent a month earlier.