Brazil’s consumer prices fell 0.21% in June, the largest fall in prices in eight years and the first time this year the country has recorded deflationary figures.The drop was a result largely of a decline in energy prices, said the government. Inflation has been easing off since the start of the year and the rate for the first six months was 1.54%, compared with 3.16% for the same period last year. Prices for the first 12 months to June were up 4.03%, suggesting the annual government target of 4.5% will be hit with ease.
Technorati Tags: Brazil, Brasil, Consumer Prices, Deflation, Eduardo Bravo Losada, Bravo & Bravo Losada, IGAF, IGAFLA, Accountants, CPAs, Accounting Firms, Contadores Publicos
No comments:
Post a Comment