The rate is up from 0.12% in the previous month and is also higher than that recorded in August last year, when 0.36% deflation was observed. The main impact on the rate for the month stemmed from housing.
The result brings the rate to 4.70% year to date and 6.47% in 12 months. Major impacts came from food and beverages and transportation. Only communications sank.
The only three segments with producer prices on the wane were machinery and electrical materials, other chemicals, and cleaning and perfumery, as per official figures.
Despite the rise, the Central Bank slowed down its monetary tightening. After two increases of one percentage point, the value was raised by 0.5 percentage points.
The National Broad Consumer Price Index (IPCA), Brazil’s official inflation gauge, saw a deflation of 0.04 percent in September this year. The rate is lower than the inflation reported in August (0.11%) and September last year (0.48%).
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