The IPCA-15 consumer price index — seen as a reliable predictor of Brazil’s official inflation rate — came in at 0.89 percent in August, according to the Brazilian Institute of Geography and Statistics (IBGE). It was the highest rate for the month since 2002, when it hit 1 percent.
IPCA-15 has risen 5.81 percent so far in 2021, while growing 9.3 percent over the last 12 months. The numbers exceed the 3.75 percent inflation target established by Brazil’s Central Bank for this year.
The rise came in above market expectations, largely pushed by a 5-percent increase in electricity bills.
Speaking before a Senate hearing on Tuesday, Chief of Staff Rui Costa admitted that Brazil…
New job market data from the Brazilian Institute of Geography and Statistics (IBGE) show the…
Brazil officially had 5.83 million domestic workers in 2022 — almost the entire population of…
Brazil’s Ministry of Health this month announced a purchase of 12.5 million doses of Moderna’s…
In a report to the Federal Police, Brazil's Federal Comptroller General’s Office (CGU) denounced irregularities…
Brazil's Justice Ministry reiterated its support for a decision to recreate the Special Commission on…