Analysis of Brazil’s July Inflation: An Emerging Pressure on Monetary Policy

In July, Brazil’s inflation rose unexpectedly, with the Broad National Consumer Price Index (IPCA) reaching 0.38%, exceeding the forecast of 0.35%. This rate is the highest for July since 2021, ending the month at an annual rate of 4.5%. The main drivers were higher prices for gasoline, airline tickets, and electricity. Fuel and transport costs […]