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LatinNews Daily - 10 August 2020
In brief: Brazil’s inflation accelerates slightly in July
* Brazil’s national statistics institute (Ibge) has released the latest figures for the consumer price index (IPCA), according to which monthly inflation grew 0.36% in July (the highest figure for the month since 2016). This brings the annual inflation rate to 2.31%. The Ibge notes that an increase in transport prices, due notably to a 3.42% increase in the price of petrol, has driven July inflation. The central bank’s (BCB) monetary policy committee (Copom) currently expects inflation to close the year at around 1.9%.
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