Brazil inflation remains above goal despite softer-than-expected October reading
17 Articles
17 Articles
Brazil inflation remains above goal despite softer-than-expected October reading
SAO PAULO, Nov 12 (Reuters) - Consumer prices in Brazil rose less than expected in the 12 months through October but remained above the central bank's target range, as policymakers vow to keep using high interest rates to rein in persistent inflation...
Brazil's inflation lost its breath and closed in October at 0.14%, up 0.83% in September, indicating data released today by the IBGE (Instituto Brasileiro de Geografia e Estatística).
Inflation slowed down and stood at 0.14% in October, driven by the fall in residential energy and gasoline. Last month, the index had stood at 0.82%. Still, in 12 months, the indicator accumulated high 4.63% in the last few months, above the ceiling of the target. Data are from the National Broad Consumer Price Index (HICP) and were released by IBGE on Thursday. Effect: Analysts estimate an impact of 0.3 points on inflation in 2027 at the end of…
Forbes, the world's most well-conceived business and economic magazine. In the accumulated 12 months until October, the IPCA had a discharge of 4.63 percent The post IPCA Sobe 0.14% in October, Dice IBGE apareceu primeiro em Forbes Brasil.
Inflation was below the expectations of analysts, who projected high of 0.26%; food and beverages had the greatest positive variation, with impact of 0.22 percentage point Brazil's official inflation, measured by the IPCA (National Index of Consumer Prices), slowed from 0.82% in September to 0.14% in October. The result was below [...]
Inflation in Brazil continued to rise in October, albeit not as quickly as feared. Consumer prices in the country rose 4.63 percent in October, up from 4.58 percent in September. The Brazilian central bank's inflation target is 3 percent, but with a tolerance range of 1.50 percentage points above and below that level. The ceiling for the range is therefore 4.50 percent. However, the average forecast for October inflation in Brazil among analysts…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
