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Investing.com -- Brazil’s consumer prices increased by 0.5% month-over-month in September, pushing the headline inflation rate up to 5.2% year-over-year from 5.1% in August, matching market expectations.
The inflation data showed mixed trends across different sectors of the Brazilian economy. Food and beverage inflation dropped from 7.4% to 6.6%, providing some relief to consumers in that category.
However, this decrease was counterbalanced by price increases in several other sectors, including housing, personal expenses, and clothing, which collectively drove the overall inflation rate higher.
The monthly increase of 0.5% contributed to the slight uptick in the annual inflation figure, maintaining Brazil’s inflation rate above the 5% mark for another month.
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