Brazilian Inflation Rate Down to 9-Month Low in September

In September of 2013, Brazil’s annual inflation rate eased for the third month in a row to 5.86 percent, the lowest rate since December last year.

The Central Bank targets inflation at 4.5 percent, plus or minus two percentage points. Inflation a year ago was recorded at 5.28 percent. 
Month-over-month, prices accelerated in September for the second consecutive month to 0.35 percent, from 0.24 percent in August. 

While cost of household articles recorded the highest monthly increase (0.65 percent), followed by apparel and housing prices (0.63 percent and 0.62 percent, respectively), transport prices increased the most (0.44 percent from -0.06 percent in the previous month), due to higher prices of airplane and bus tickets. Food prices accelerated to 0.14 percent in September, from 0.01 percent in August mainly due to higher cost of French bread, chicken and fruits. 

In contrast, cost of communication decreased 0.04 percent. 

Brazilian Inflation Rate Down to 9-Month Low in September

Joana Taborda |
10/9/2013 1:16:47 PM