Brazil registers inflation of 0.36 percent in July
Brasilia, Aug 7 (Prensa Latina) Brazil registered an inflation of 0.36 percent in July, the highest result for the seventh month of the year since 2016, the Brazilian Institute of Geography and Statistics (IBGE) reported on Friday.
The figure is also higher than the 0.26 percent of June, as well as the 0.19 of July of 2019.
According to the IBGE report, in the first seven months of the year, prices accumulated an uptick of 0.46 percent, while, in the last 12 months until July, the growth was 2.31.
The source refers that inflation for the analyzed month was supported by a 0.8 percent rise in transportation costs, 0.9 in household items and 0.8 in housing costs.
On the contrary, the amounts fell in clothing, with a fall for the third month in a row of 0.52 percent, while education did so by 0.12 and personal expenses by 0.11.
The government's goal for 2020 is an inflation of four percent, with a margin of 1.5 percentage points, that is, it can vary from 2.5 to 5.5 percent.
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