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Brazil’s inflation jumps to 8.1% y/y, a 6-year high

Brazil’s Broad Consumer Price Index (IPCA) rose by 8.1% y/y in May, remaining well above the 5.25% upper limit of the inflation target range for 2021.
Brazil’s Broad Consumer Price Index (IPCA) rose by 8.1% y/y in May, remaining well above the 5.25% upper limit of the inflation target range for 2021.
Brazil’s Broad Consumer Price Index (IPCA) rose by 8.1% y/y in May, remaining well above the 5.25% upper limit of the inflation target range for 2021.
Data Bytes
Fr., 11.06.2021 - 07:29
Inflation Rate, IPCA, Oil Prices

Brazil’s Broad Consumer Price Index (IPCA) rose by 8.1% y/y in May, remaining well above the 5.25% upper limit of the inflation target range for 2021. It is the highest figure since September 2016, driven by higher energy prices.

Brazil’s Broad Consumer Price Index (IPCA) rose by 8.1% y/y in May, remaining well above the 5.25% upper limit of the inflation target range for 2021.

Electricity prices jumped by 11.6% y/y in May, reflecting a drought in the reservoir regions of hydroelectric plants. In addition, fuel prices grew by 47.5% y/y on the back of rising oil prices and a lower supply of ethanol.

Country

Brazil
Data Bytes
Fr., 11.06.2021 - 07:29 Brazil’s inflation jumps to 8.1% y/y, a 6-year high