Brazil

[Brazil] - Brazil's IPCA-15 CPI records deflation in July, year-over-year boost at 3.19%

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In July, the National Broad Consumer Price Index-15 (IPCA-15), an early measure of Brazil's official inflation, saw a deflation of 0.07%, the Brazilian Institute of Geography and Statistics (IBGE) reported.This followed a marginal increase of 0.04% in June.
For comparison, in July 2022, the IPCA-15 rose by 0.13%.The July deflation was lower than the predictions made by a pool of analysts from financial institutions and consultancies.These projections had estimated a July drop of 0.03%, with estimations ranging from -0.13% to +0.02%.On a 12-month basis up ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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Category: Brazil