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The IPCA-15, Brazil’s mid-month inflation index, came in at 0.3 percent in July. Although the numbers show price rises are decelerating, the index still exceeded market expectations (0.23 percent, according to Bloomberg). In 12 months, the IPCA-15 rose from 4.06 percent to 4.45 percent now. The index is a reliable bellwether of official inflation, and
The post The good and bad news about Brazil’s July mid-month inflation appeared first on The Brazilian Report.
