Inflation Shows Few Signs Of Slowing

July 2008 | Ratings Update

While confidence in the central bank's inflation-fighting credibility is rising following the Banco Central do Brasil (BCB)'s decision on July 23 to raise the Selic rate by 75bps to 13.00%, consumer price growth shows few signs of slowing. Brazil's benchmark IPCA consumer price inflation index rose by 6.1% y-o-y in June, up from 5.6% in May.

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