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Brazil’s inflation drops to 0.07% in July, returns to target

Food prices fell in July, helping Brazil’s official inflation lose momentum for the fourth consecutive month and close at 0.07 percent. This brings the country’s consumer price index IPCA to a 12-month cumulative rate of 4.44 percent, back in line with the government’s target. The rate for July was consistent with financial market estimates. Monday’s (Aug. 10) Focus readout – a Central Bank…

We haven't written up this one. Agencia Brasil has the full story — the link below goes straight to it.

Read the original at agenciabrasil.ebc.com.br →

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