Brazil has second month of deflation in August, with a drop of 0.36%, says IBGE

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The IPCA (Broad Consumer Price Index) – which measures the country’s official inflation -, fell for the second month in a row in August, with a drop of 0.36%, informed the IBGE (Brazilian Institute of Geography and Statistics) this Friday. thursday (9). In July, the index had retreated 0.68%.

In the year, accumulated inflation is 4.39% and, in the last 12 months, 8.73%. The median market expectation pointed to a monthly drop of 0.40% and an increase of 8.69% compared to the same month last year.

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The value in 12 months is still well above the ceiling of the inflation target for this year, of 5%.

The August result was mainly influenced by the fuel and food sectors. This first reflects the successive drops in gasoline prices announced by Petrobras, in addition to the reduction of taxes announced by the government, which also affects the costs of electricity and telephony.

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*In update

Source: CNN Brasil

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