Brazil Inflation Cools to 5.13% YoY, Raising Hopes for Rate Cuts

Brazil Inflation Cools to 5.13% YoY, Raising Hopes for Rate Cuts

Brazil released fresh inflation data for August, offering relief to households and markets as consumer prices slowed more than expected, while still remaining above the central bank’s target. The official consumer price index (CPI) rose 5.13% year-on-year, easing from 5.23% in July and broadly in line with forecasts of 5.10%. On a monthly basis, CPI […]