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Reuters

Business

By Gabriel Araujo

UNCOVERED: Brazil inflation data paints rosier picture after fuel tax cuts | History Defined

Brazil Inflation William Jackson

FILE PHOTO: A worker pumps a car with gasoline at a gas station in Rio de Janeiro, Brazil March 10, 2021. REUTERS/Pilar Olivares/File Photo

Brazilian consumer prices increased slightly less than expected in the month to mid-July, the country's statistics agency said on Tuesday, posting the lowest monthly increase in two years following a wave of government anti-inflation measures.

Brazil's IPCA-15 consumer price index rose 0.13% in the period, down from 0.69% in the previous month, while the median forecast in a Reuters poll for mid-July stood at 0.17%.

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