Brazil's consumer price inflation moderated further in August to the lowest level in six months, figures from the Brazilian Institute of Geography and Statistics, or IBGE, showed on Wednesday.
The consumer price index climbed 5.13 percent year-over-year in August, following a 5.23 percent rise in July.
Further, this was the lowest inflation rate since February, when prices rose 5.06 percent.
Nonetheless, the inflation rate continued to remain above the central bank's upper tolerance band of 4.5 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.