Official inflation is the lowest since August 2006
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IPCA was 0.15% last month. Last year, in the same period, the rate had stayed at 0.28%.
The Composite Consumer Price Index (IPCA), used by the government to set its inflation target, was at 0.15% in August. The result is less than in July, when the rate was 0.24%, and reached its lowest level since August 2006, when the variation was 0.05%.
In August 2008, the IPCA was 0.28%. The data released on Thursday (10) by the Brazilian Institute of Geography and Statistics (IBGE), the IPCA accumulated year high of 2.97%. The rate is lower than the same period last year (4.48%).
The accumulated in the last 12 months ending in August was also 4.36% lower than that seen in the previous 12 months (4.50%).
IPCA considers the expenses of families with monthly income of up to 40 minimum wages and includes the metropolitan areas of Porto Alegre, Belem, Curitiba, Rio de Janeiro, São Paulo, Belo Horizonte, Fortaleza, Recife and Salvador, and Brasilia and Goiânia.
Source: Agência Brazil
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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