Rio de Janeiro – The preliminary inflation number in September in Brazil is 0.23%, as per the National Extended Consumer Price Index–15 (IPCA-15). The rate is down from 0.45% in August and 0.39% in September 2015, the Brazilian Institute of Geography and Statistics (IBGE) said this Thursday (22).
The IPCA-15 stands at 5.9% in 2016 and 8.78% in the 12 months through mid-September, down from 8.95% in the 12 months through mid-August. Nonetheless, official inflation remains higher than 6.5%, which is the upper threshold of the Brazilian federal government’s target range.
Inflation eased mostly due to 0.1% deflation in food prices, including potatoes, onions, beans, produce, and long-life milk. Transportation prices also dropped.
*Translated by Gabriel Pomerancblum
