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Brazil Inflation Cools More Than Expected Ahead of Rate Hike

  • Prices rose 11.39% in mid-July from a year ago; 0.13% on month
  • Transportation and housing costs fell on the month; food rose
Updated on

Brazil’s inflation cooled slightly more than expected as President Jair Bolsonaro enacts a raft of measures to tame the rising cost of living before elections and the central bank readies another interest-rate hike.

Official data released Tuesday showed consumer prices rising 11.39% in mid-July from a year ago, below the 11.41% median estimate from economists in a Bloomberg survey. On the month, inflation was 0.13%.