Inflation & Prices
Brazil Inflation Speeds Up Again, Piling Pressure on Central Bank
- Prices rose 0.38% on month in July, 4.5% on the year
- Policymakers are considering hiking rates to contain inflation
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Brazil’s annual inflation accelerated to the upper limit of the target range, dealing another blow to the central bank as it works to contain price pressures spreading throughout Latin America’s biggest economy.
Official data released Friday showed prices increased 4.5% in July from a year earlier, just above the 4.47% median estimate from analysts in a Bloomberg survey. On the month, inflation stood at 0.38%.