The Broad Consumer Price Index (IPCA) closed out July at 0.01%, the Brazilian Geography and Statistics Institute (IBGE) reported today (Aug. 8). This figure reflects a decrease compared to June (0.4%). The transport and personal expenses groups were the key contributing categories for the reduction.
The transport and personal expenses groups were the key contributing categories for the reduction in IPCA
With the result, the cumulative rate in twelve months has also gone down to 6.5%, standing level with the inflation target ceiling set by the government. Target inflation for 2014 is 4.5% with tolerance of plus two percentage points. In June, inflation had exceeded the ceiling for the annualized rate, reaching 6.52% for the past 12 months.
In the first seven months of 2014, IPCA closed out at 3.76%, up from 3.18% in the same period of 2013. In a year-over-year perspective, the rate in July this year (0.01%) went down from a year ago (0,03%).
Translated by Mayra Borges
Fonte: Inflation shrinks to target ceiling in July
