Inflation rises 0.87% in August and accumulates an increase of 9.68% in 12 months

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From the water crisis to the price of food, the inflation in Brazil it continues without a break. O Broad National Consumer Price Index (IPCA) closed on the high of 0,87%% in the month of August.

The index was released this Friday, 9th, by the Brazilian Institute of Geography and Statistics (IBGE).

The IPCA stayed above of analysts’ expectations in the Focus Bulletin, of the Central Bank, whose latest median pointed to an increase of 0.67% in August.

With the result, the index accumulates growth of 9,68% in the last 12 months. Analysts expect the IPCA to close the year at around 8%, which would be the highest inflation since 2015.

In the year, from January to the end of August, the increase is of 5,67%.

In July, the increase had already been 0.96%, the biggest change for a month of July since 2002.