Arab Today, arab today brazil inflation hits 12year high of 956
Last Updated : GMT 05:46:20
Arab Today, arab today
Arab Today, arab today

Brazil inflation hits 12-year high of 9.56%

Arab Today, arab today

Arab Today, arab today Brazil inflation hits 12-year high of 9.56%

People shop at a market in Rio de Janeiro
Rio de Janeiro - AFP

Brazil's annual inflation rate climbed to 9.56 percent in July, the highest level since 2003, official data showed Friday.

Prices are being driven higher by the rising cost of electricity -- up 57.8 percent in the past 12 months -- as well as increasingly expensive housing, food and beverages, and health care.

Inflation remains well above the central bank's target of 4.5 percent despite seven consecutive interest rate hikes -- most recently to 14.25 percent.

The latest figure adds to the bad news facing President Dilma Rousseff, who has struggled to kick-start the world's seventh-largest economy, expected to contract by 1.49 percent this year.

A poll released Thursday put Rousseff's approval rating at just eight percent, making her the most unpopular president since the end of Brazil's military dictatorship in 1985.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil inflation hits 12year high of 956 Arab Today, arab today brazil inflation hits 12year high of 956

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil inflation hits 12year high of 956 Arab Today, arab today brazil inflation hits 12year high of 956

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday