Inflation & Prices
Brazil Annual Inflation Slowdown Underwhelms as Interest Rate Hikes Loom
- Prices rose 4.24% on year in August, fell 0.02% on month
- Traders see a central bank rate hike at next week’s meeting
A shopper at a Big Box supermarket in Brasilia, Brazil.
Photographer: Gustavo Minas/BloombergThis article is for subscribers only.
Brazil’s annual inflation eased roughly in line with expectations in August, a drop that’s unlikely to relieve the pressure on central bankers to lift interest rates when they gather next week.
Official data released Tuesday showed prices rose 4.24% from a year earlier, just below the 4.27% median estimate of analysts surveyed by Bloomberg. On the month, they fell 0.02%.