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Brazil‘s mid-Aug IPCA consumer inflation 0.28% - IBGE
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São Paulo, 25 - Brazil‘s most-closely watched IPCA consumer price index rose 0.28% in the month to mid-August, compared with an increase of 0.11% in the month to mid-July, the Brazilian Census Bureau (IBGE) said Thursday.
The figure has met the higher end of market expectations, which ranged from 0.08% to 0.28%.
The mid-August result has left inflation for the year at 3.91% and for the last 12 months at 6.30%, the IBGE said.
Fixed-line charges, which rose 3.39%, had the biggest individual influence on the mid-August IPCA.
Other items weighing on the preliminary August IPCA were fuel ethanol (up 4.22%), gasoline (up 1.14%) and domestic help (up 1.86%).
On the other hand, food and beverage prices fell 0.67% in the month to mid-August, while electricity rates declined 0.65%.
The IPCA is the main reference for Brazil‘s monetary policy.
Sergio Caldas
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8/25/2005
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