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Brazil Inflation Rate YoY
A broad rise or decline in the prices that consumers pay for a typical basket of commodities is measured by the inflation rate in Brazil. Food and beverages (which account for 26% of the total weight), transportation (18%), housing (15%), health care (12%), and personal expenses (11%) are the most significant categories of the index. Clothing contributes for 6% of the total, education accounts for 5%, household items account for 4%, and communication accounts for 4%. Data is collected in the metropolitan areas of São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belem, Fortaleza, Recife, Salvador, Curitiba, Goiania and Brasilia.
A higher than expected figure should be seen as positive (bullish) for the BRL while a lower than expected figure should be seen as negative (bearish) for the BRL.
News (BRL)
Brazil Manufacturing Downturn Eases In January
Brazil's factory activity continued to deteriorate at the start of the year, though the pace of decline softened since December amid slower reductions in output and new orders, survey data from S&P Global showed on Wednesday. Elsewhere, official data showed that producer price inflation slowed further in December.
RTTNews | 808 days ago
