Inflation & Prices
Brazil’s Inflation Speeds Up After Electricity Prices Surge
- Prices increased 4.42% on year, 0.44% on month in September
- Central bank is raising rates to combat above-target inflation
Buildings at night in Rio de Janeiro.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Brazil’s annual inflation sped up roughly in line with estimates in September as a historic drought pressured electricity and food prices in Latin America’s largest economy.
Official data released Wednesday showed prices rose 4.42% from a year earlier, just below the 4.44% median estimate of economists surveyed Bloomberg. On the month, they increased 0.44%.