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Brazil Inflation Slows to 0.09 Percent in October
(MENAFN) Monthly price increases in Brazil decelerated to just 0.09 percent during October, marking the weakest performance for that specific month since 1998, according to data released Tuesday by the Brazilian Institute of Geography and Statistics.
The slowdown pushed the nation's 12-month cumulative inflation rate down to 4.68 percent from the prior rolling-year figure of 5.17 percent.
However, price pressures continue exceeding the administration's year-end benchmark of 3 percent, which permits fluctuations of 1.5 percentage points in either direction.
The statistics agency attributed the deceleration primarily to a 2.39 percent drop in household electricity costs.
Last year saw Brazil register annual inflation of 4.83 percent, surpassing the monetary authority's upper limit of 4.5 percent.
The slowdown pushed the nation's 12-month cumulative inflation rate down to 4.68 percent from the prior rolling-year figure of 5.17 percent.
However, price pressures continue exceeding the administration's year-end benchmark of 3 percent, which permits fluctuations of 1.5 percentage points in either direction.
The statistics agency attributed the deceleration primarily to a 2.39 percent drop in household electricity costs.
Last year saw Brazil register annual inflation of 4.83 percent, surpassing the monetary authority's upper limit of 4.5 percent.
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