Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Brazil’s inflation declines in mid-June, amid food price pressures.

Listen to the article now

 

image credit: bloomberg.com

Despite pressure from food inflation, Brazilian consumer prices climbed less than predicted in the month to mid-June, according to data released on Wednesday by the IBGE statistics agency.
Inflation in Latin America’s biggest economy, as assessed by the IPCA-15 index, was 0.39% for the period, down from 0.44% the previous month.
Food and drinks were the biggest drivers, with prices growing by 0.98%, compared to 0.26% the previous month.
Brazil’s central bank unanimously stopped its lowering cycle last week, keeping its benchmark interest rate at 10.50% despite rising inflation predictions, budgetary challenges, and the prospect of additional rate reduction by the US Federal Reserve.
The data “won’t change the picture that the central bank’s easing cycle is over–for this year at least,” William Jackson, Chief Emerging Markets Economist at Capital Economics, wrote in a note to investors.

“With the headline inflation rate likely to rise further in the coming months, the real still under pressure and no end in sight to the government’s fiscal saga, we don’t see scope for any more interest rate cuts over the rest of this year.”
Brazil’s annual inflation rate reached 4.06% in the first half of June, according to IBGE, compared to an estimated 4.12%.
Private economists surveyed weekly by the central bank expect interest rates to remain constant through 2024 and decline to 9.5% by the end of 2025.


Comment Template

You May Also Like

Economy

Japan-based Cover Corp, through its Hololive Production division, is revolutionizing virtual entertainment with VTubers like Gawr Gura and Mori Calliope. Expanding rapidly in the...

Business

A routine day in Washington, D.C., turned chaotic when law enforcement thwarted an attempted stabbing inside a business. The swift arrest of the unidentified...

Economy

As the global economy heads into 2025, challenges abound with inflation, trade conflicts, and geopolitical shifts shaping the landscape. Donald Trump’s return to the...

Business

Industries in 2025 are witnessing transformative innovation, from eye-tracking devices revolutionizing accessibility to automated food safety systems. Highlights include Lockheed Martin’s $11.8B F-35 deal,...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok