From Agência Brasil · · 1m
Brazil's October inflation drops to 0.14%
Brazil's inflation fell to 0.14% in October as electricity rates and lower transport costs eased household costs.
In brief
Brazil's inflation fell to 0.14% in October as electricity rates and lower transport costs eased household costs. Brazil's official inflation slowed to 0.14% in October due to falling electricity rates and transportation costs. Originally reported by Agência Brasil.
October inflation drops
Brazil's official inflation slowed to 0.14% in October, down from 0.82% in September.
Electricity rates lower costs
Electricity bills dropped 1.92 percent, shifting from yellow to green tariff tier in October.
Transportation prices fall
Transportation prices dropped 0.59 percent, the sharpest decline since the Real Plan began in 1994.
Inflation target context
Brazil's inflation target is 3 percent with a tolerance range of 1.5 to 4.5 percent.
Year-end inflation forecast
Markets expect Brazil's inflation to reach 5.22 percent by year-end, while the Ministry of Finance forecasts 4.9 percent.
Food prices rise slightly
Food and beverage prices rose 1.04 percent, with home food segment increasing 1.31 percent.
In short
Brazil's official inflation slowed to 0.14% in October due to falling electricity rates and transportation costs.
