Brazil Inflation Rate Eases Slightly in July


The annual consumer prices in Brazil edged down to 6.5 percent in July of 2014, from 6.52 percent recorded in June, mostly driven by lower transport prices.

Brazil inflation rate decreased for the first month after a five consecutive months of rise. Brazil's central bank officially aims for a yearly inflation rate of 4.5%, plus or minus two percentage points.

On a monthly basis, consumer prices decelerated to 0.01 percent in July of 2014, from a 0.4 percent  registered in the previous month, mostly driven by a 0.98 percent fall of transport prices (+0.37 percent in June). Prices of food and non-alcoholic beverages decreased 0.15 percent in July of 2014, followed by clothing and footwear (-0.24 percent) and communications (-0.79 percent). 

Brazil Inflation Rate Eases Slightly in July


Isabel Felino | isabel.felino@tradingeconomics.com
8/8/2014 7:57:15 PM