Economics
Brazil Inflation Eases as Policy Makers Eye August Rate Hike
- Consumer prices rose 12.04% y/y, 0.69% m/m in mid-June
- Transportation, clothing and healthcare among price drivers
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Brazil’s annual inflation eased in mid-June but remained above 12%, providing limited relief to the central bank’s cycle of interest rate hikes and President Jair Bolsonaro’s re-election plans.
Consumer prices rose 12.04% from a year ago, roughly in line with the 12.03% median estimate in a Bloomberg survey. On the month, inflation hit 0.69%, the national statistics institute reported on Friday.