Economy

Official inflation up to 0.64% in September

The index had been reported at 0.24 percent in August

Vitor Abdala

Published on 09/10/2020 - 13:55

Rio de Janeiro

Moeda Nacional, Real, Dinheiro, notas de real,Cédulas do real — © Marcello Casal JrAgência Brasil

Brazil’s National Broad Consumer Price Index (IPCA), which gauges the country’s official inflation, was at 0.64 percent in September this year, a rate above the 0.24 percent observed in March.

In September 2019, the IPCA experienced 0.04 percent deflation.

This is the highest rate for September since 2003 (0.78%). The figure brings the IPCA to 1.34 percent year to date and to 3.14 percent in 12-months, the survey reports.

The figures were published in Rio de Janeiro today (Oct. 9) by the government’s statistics agency IBGE.