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Brazil’s inflation rate up 0.24% in September

October 9th, 2009

brazil inflationBrazil’s National Consumer Price Index (IPCA), the country’s official inflation indicator, reached 0.24 percent in September, from 0.15 percent in August and0.26 percent in the same period last year, official data showed Thursday.

It was the first rise of the IPCA since April. In the first nine months of 2009, the country accumulated an inflation rate of 3.21 percent, from 4.76 percent in the same period in 2008.

In the October 2008 to September 2009 period, the accumulated IPCA totaled 4.34 percent, from 4.36 percent in the previous 12-month period.

The Brazilian government set an inflation target of 4.5 percent for 2009, with a tolerance of two percentage points, which means that the IPCA cannot exceed 6.5 points. Last year, Brazil registered an accumulated IPCA of 5.9 percent.

In September, food products registered a deflation of 0.14 percent, from a deflation of 0.01 percent in August. The household sector also registered a deflation of 0.03 percent, from 0.24 percent in the previous month.

The other seven sectors included in the IPCA registered price increases this month. The most significant rises were registered in the clothing and transportation sectors.

Source: Xinhua

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