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July inflation in Brazil 8.74% in twelve months

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Staff Writer | August 16, 2016
Inflation in Brazil
LatAm economy   Consumer prices in Brazil rose 0.52% last month

Inflation in Brazil rose more sharply in July than economists expected, official data showed, raising pressure on the central bank to keep interest rates on hold for some time.

Consumer prices as measured by the benchmark IPCA index rose 0.52% last month. Prices rose 8.74% in the 12 months through July, slowing from a one-year increase of 8.84% in June. In the seven months of this year inflation reached 4.96%.

Food and beverages jumped 1.32%; Health and personal care, 0.61%; Household articles, 0.53%; Personal expenses, 0.70%, and Transport, 0.40%.

Education and Communications remained almost unchanged, while Housing and Apparel were down, 0.29% and 0.38%.

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