Inflation & Prices
Brazil Prices Rise Less Than Expected, Cementing Rate Cut
- Prices rose 0.23% on month and 4.61% on year in August
- Central bank expected to lower key rate to 12.75% next week
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Brazil’s annual inflation accelerated less than expected in August as central bankers prepare to extend interest rate cuts at next week’s policy meeting.
Official data released Tuesday showed consumer prices rose 4.61% last month from a year earlier, below the 4.66% median estimate from analysts surveyed by Bloomberg. Monthly inflation stood at 0.23%.