{"id":53165,"date":"2023-08-26T01:40:52","date_gmt":"2023-08-26T05:40:52","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/brazil-inflation-accelerated-in-month-through-mid-august\/"},"modified":"2023-08-26T01:40:54","modified_gmt":"2023-08-26T05:40:54","slug":"brazil-inflation-accelerated-in-month-through-mid-august","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=53165","title":{"rendered":"Brazil Inflation Accelerated in Month Through Mid-August"},"content":{"rendered":"
\n

By Jeffrey T. Lewis<\/p>\n

S\u00c3O PAULO–Brazil’s 12-month inflation rate rose in the month through mid-August after electricity bills increased with the end of a temporary discount.<\/p>\n

Consumer prices rose 0.28% from July 16 through Aug.15 and rose 4.24% from a year earlier, Brazil’s Institute of Geography and Statistics, or IBGE, said Friday. Consumer prices fell 0.7% in the month through mid-July and increased 3.19% in the 12 months through mid-July.<\/p>\n

\n

The mammoth Itaipu power station on the Paran\u00e1 river between Brazil and Paraguay generated a profit in 2022, and in July some of that money was returned to Brazilian energy users in the form of a discount on their electric bills.<\/p>\n

The biggest increase among the nine categories measured by the IBGE in its inflation report came in housing, with a rise of 1.08%. Housing costs declined 0.94% in the month through mid-July after the discount reduced electricity prices. Residential power prices increased 4.59% in the month through mid-August after the discount ended.<\/p>\n

Food prices continued to decline in Brazil, falling 0.65% in the August period after retreating 0.40% in the previous period. Clothing prices fell 0.03% in the August period following an increase of 0.04% a month earlier.<\/p>\n

<\/pre>\n
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Jeffrey T. Lewis S\u00c3O PAULO–Brazil’s 12-month inflation rate rose in the month through mid-August after electricity bills increased with the end of a temporary discount. Consumer prices rose 0.28% from July 16 through Aug.15 and rose 4.24% from a year earlier, Brazil’s Institute of Geography and Statistics, or IBGE, said Friday. Consumer prices fell […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-53165","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBrazil Inflation Accelerated in Month Through Mid-August | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Jeffrey T. 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