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Brazil's inflation 0.24% in July

  • 09/08/2017 10h00publicação
  • Rio de Janeirolocalização
Vitor Abdala reports from Agência Brasil

Brazil's Broad National Consumer Price Index (IPCA), the country's official inflation gauge, was 0.24% in July. In June, there was 0.23% deflation (price decrease). In July 2016, the inflation rate was 0.52%.

The cumulative inflation in 2017 reached 1.43%, whereas the 12-month cumulative rate was 2,71%, below the target set by the federal government (4.5%).

The data was released by the Brazilian Institute of Geography and Statistics (IBGE) today (Aug. 9).

Translated by Mayra Borges

Edited by: Kleber Sampaio / Nira Foster