Price index recorded a year-on-year 1.1% decrease.
Browsing: inflation
This Tuesday’s Macro Fiscal bulletin shows a revised economic expansion estimate, from 0.81% to 0.85%.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
Last month saw lower price raises than July, IBGE reported.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
The increment was driven by non-oil sectors including services, industry, public works and agriculture.
Financial institutions expects the Selic to be reduced by 0.25 percentual point in the Copom meeting this week.
Fund allowed Egypt to draw USD 2 billion, the fifth part of the USD 12 billion agreement signed in 2016. IMF acting managing director praised the reforms made by the country.
Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week’s 0.85% estimate.
