Arab Today, arab today higher medicine food prices stoke brazil inflation
Last Updated : GMT 12:48:35
Arab Today, arab today
Arab Today, arab today

Higher medicine, food prices stoke Brazil inflation

Arab Today, arab today

Arab Today, arab today Higher medicine, food prices stoke Brazil inflation

Brasilia - AFP

Consumer prices edged up 0.3 percent in Brazil last month, fueled by higher medicine, clothing and housing prices, with 12-month inflation at 6.5 percent, the state statistics agency said Friday. The May increase, in line with market analysts\' forecasts, was lower than the 0.5 percent recorded in April and the lowest since June 2012. The Brazilian Geography and Statistics Institute (IBGE) said medicine prices increased by 0.9 percent in May, clothing by 0.8 percent and housing by 0.7 percent. Central Bank authorities want to bring inflation down to 4.5 percent this year. Last month, the central bank raised its key interest rate by 0.50 points to 8.0 percent to control rising inflation, the second increase within weeks. In April, the bank\'s monetary policy committee pushed the rate up by 0.25 points to 7.5 percent, the first increase since July 2011. Experts were alarmed in March when it was confirmed that 12-month inflation reached 6.59 percent, above the official upper limit of 6.5 percent. In 2012, Brazilian consumer prices rose 5.8 percent after a 6.5 percent hike the previous year, the highest level in seven years.

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 higher medicine food prices stoke brazil inflation Arab Today, arab today higher medicine food prices stoke brazil inflation

 



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 higher medicine food prices stoke brazil inflation Arab Today, arab today higher medicine food prices stoke brazil inflation

 



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
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

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