Brazil Inflation at 3.4% for First Semester

Brazilian inflation as gauged by the Broad Consumer Price Index (IPCA) amounted to 0.25% in July, after registering a 0.02% deflation in June.

This information was released today by the Brazilian Institute of Geography and Statistics (IBGE). The IPCA is used by the government to set its inflation targets.


Including July’s result, the IPCA so far this year stands at 3.42%, lower than the 3.63% registered during the same period last year.


Likewise, the cumulative inflation rate for the past 12 months, 6.57%, is down from the 7.27% for the immediately preceding 12-month period.


The biggest impact on July’s inflation was produced by fixed telephone rates, which rose 4.21% in consequence of authorized readjustments. Fuel prices had the second biggest effect.


ABr

Tags:

You May Also Like

Best-seller books, plays & movies

PLAYS   Alô? Madame!… — It all starts when two friends get a phone ...

Egyptians Make Electricity Meters in Brazil

Electrometer, an Egyptian company that makes electricity meters has established its first joint venture ...

Brazil Expecting 5% Inflation for 2005

The director of economic policy in the Brazilian Central Bank (BC), Afonso Bevilacqua, reaffirmed ...

Brazil Warns Chavez: Keep Your Hands Off Mercosur

Brazil’s Luiz Inácio Lula da Silva warned Venezuelan President Hugo Chavez that "interference" by ...

Brazilian Justice Acquits Man Sentenced for 1988 Massacre of Indians

Brazil’s federal court of appeals acquitted the timber mill owner Oscar de Almeida Castelo ...

Brazil: The Heat Is Up for Lula

Right-wingers in Washington are becoming obsessed with Brazil as they fear the emergence of ...

Shock Treatment

Brazil needs a major and radical government change to be able avoid an economic ...

Venezuela Buys Biofuel from Brazil

Brazil’s oil giant Petrobras, Petróleo Brasileiro SA, will export ethanol to Venezuela starting next ...

10 Steps to End Brazil’s Inequality and Backwardness

Brazil needs a revolution. It is not enough that we maintain the old tradition ...

Micro and Small Firms Booming in Brazil

The Brazilian Micro and Small Business Support Service (Sebrae) is holding a series of ...