Brazil's July inflation climbed to 9.56%, powered by electricity bills, up 57.8%

Saturday, August 8th 2015 - 09:20 UTC

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Brazil's annual inflation rate climbed to 9.56% in July, the highest level since 2003, official data showed Friday. Prices are being driven higher by the rising cost of electricity -- up 57.8% in the past 12 months -- as well as increasingly expensive housing, food and beverages, and health care. Read full article

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“On Thursday Brazil's central bank said it will remain vigilant in case inflation forecasts drift significantly away from its target.”

Umm FAIL!
Aug 08th, 2015 - 02:19 pm - Link - Report abuse 0
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ChrisR
I wouldn't worry about 9.56% inflation.

Given the increased level of interest rates the damage is done already and Mr Market has stopped buying.

Was that what these pillocks wanted?

Of course not.
Aug 08th, 2015 - 08:05 pm - Link - Report abuse 0
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Jack Bauer
The good side to all this shit is that a lot of ignorant voters are starting to wake up....thus fat D's falling popularity.....under 8%.
Aug 08th, 2015 - 11:16 pm - Link - Report abuse 0
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