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Brazil Monthly Inflation Slows Less Than Expected

Brazil's monthly inflation eased less-than-expected in September, preliminary data from the statistical institute IBGE showed Friday.

The consumer price index rose 0.16 percent from August, when it grew 0.19 percent. Economists had expected an increase of 0.08 percent.

On a year-on-year basis, the CPI climbed 2.54 percent year-on-year following 2.46 percent rise in the previous month. Economists had expected 2.45 percent increase.

Accumulated inflation was 1.78 percent in the year-to-September, which was the lowest for the month since 1998.

by RTTNews Staff Writer

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