Brazil Inflation Rate Down To 2-1/2-Year Low
Consumer prices in Brazil increased 6.29 percent year-on-year in December of 2016, easing from a 6.99 percent rise in November and below market expectations of 6.34 percent. The inflation eased for the fourth straight month to the lowest since April of 2014 mainly due to a slowdown in food cost. A year earlier, inflation was much higher at 10.67 percent.
Year-on-year, prices rose at a slower pace for: food and non-alcoholic beverages (8.62 percent from 10.17 percent in November); housing and utilities (2.85 percent from 3.97 percent); and transport (4.22 percent from 4.48 percent). Inflation also slowed for health (11.04 percent from 11.27 percent); (3.55 percent from 4.40 percent) and communication (1.27 percent from 1.69 percent).
1/11/2017 11:22:04 AM
On a monthly basis, consumer prices increased 0.3 percent, following a 0.18 percent gain in November and the highest in four months. Prices rebounded for food and non-alcoholic beverages (0.08 percent from -0.2 percent) and increased more for clothing (0.32 percent from 0.2 percent), transport (1.11 percent from 0.28 percent) and personal expenses (1.01 percent from 0.47 percent). In contrast, prices fell 0.59 percent for housing (+0.3 percent in November).