ADVERTISEMENT

ECONOMY

Brazil’s producer inflation rises 0.92% in August

ISTANBUL

Brazil’s producer price index rose 0.92% month-on-month in August, according to official data released on Thursday.

The index for July was revised to a decline of 0.76% from 0.82%.

A total of 12 sectors out of 24 saw gains in prices, the Brazilian Institute of Geography and Statistics (IBGE) said in a report.

The largest monthly increases were recorded in oil refining and biofuels with 7.52%, followed by extractive industries at 6.56% and clothing at 5.89%, it said.

On an annual basis, however, producer prices were down 3.04% in August compared to the same month of last year.

  • We use cookies on our website to give you a better experience, improve performance, and for analytics. For more information, please see our Cookie Policy By clicking “Accept” you agree to our use of cookies.

    Read More