Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • Publications
    • Photo Gallery
  • Membership
    • Member Companies
    • Sponsorships
  • DID Member Login

Brazilian inflation hovers stubbornly above 4.5% target

November 7, 2018 by

Brazilian inflation for the month of October weighed in at 0.45%, little changed from 0.48% in September, for a 12-month rate of 4.56%, the Brazilian Census Bureau (IBGE) said Wednesday. Twelve-month inflation as of September was 4.53%. The government’s target for inflation in 2018 is 4.5%, declining in 2019 to 4.25%. Inflation has remained stubbornly higher than the target in recent months because of persistent rises in food and fuel costs. In October, consumer goods also led the rise in prices, with services and housing lagging. Economists now expect 2018 to close out with inflation slightly above target. Stubborn inflation caused the Central Bank to stall interest rate cuts at mid-year. The base rate is currently 6.5%.

Link to IBGE release & nbsp;

More Testimonials

Filed Under: Uncategorized

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2022 | Brazil-U.S. Business Council | Privacy Policy