Financial News: Brazil Inflation Rises To 4.23%, Highest In 4

Brazil Inflation Rises To 4.23%, Highest In 4 Months

07/10/2024 - 08:48:00 (RTTNews)

(RTTNews) - Brazil's consumer price inflation accelerated for the second successive month in June to the highest level in four months, figures from the Brazilian Institute of Geography and Statistics, or IBGE, showed on Wednesday.

The consumer price index climbed 4.23 percent year-over-year in June, faster than the 3.93 percent rise in May. Economists had expected inflation to rise to 4.35 percent.

Moreover, inflation remained above the central bank's target range of 3.0 percent.

The annual price growth in food and drinks accelerated to 4.71 percent in June from 3.56 percent in May. Similarly, transport charges grew at a faster pace of 4.56 percent.

On a monthly basis, consumer prices moved up 0.24 percent in June, following a 0.46 percent rise in the previous month. The expected increase was 0.32 percent.

The declaration of monthly inflation was largely attributed to a slower price rise in food and beverages.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swiss Consumers More Pessimistic In August (09 hr(s), 37 min(s), 01 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained more negative in August, survey results from ...Full Story»

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips (10 hr(s), 10 min(s), 01 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Czech Industrial Output Decline Softens; Trade Deficit Narrows (10 hr(s), 47 min(s), 01 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the fifth straight month, ...Full Story»

U.S. Employment Climbs Less Than Expected In August (10 hr(s), 54 min(s), 01 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Eurozone GDP Growth Slows In Q2 (11 hr(s), 20 min(s), 01 sec(s) ago)
(RTTNews) - Euro area economic growth rate for the second quarter was revised down as the positive ...Full Story»

France Industrial Output Falls 0.5% (11 hr(s), 47 min(s), 01 sec(s) ago)
(RTTNews) - France's industrial production decreased more-than-expected in July after reboundi ...Full Story»

Italy Retail Sales Rebound 0.5% (12 hr(s), 34 min(s), 01 sec(s) ago)
(RTTNews) - Italy's retail sales increased more-than expected in July after falling in the pre ...Full Story»

French Trade Gap Narrows In July (13 hr(s), 05 min(s), 01 sec(s) ago)
(RTTNews) - France's trade deficit decreased in July from a year ago as imports fell faster th ...Full Story»