Key facts
- Brazil's annual inflation rate was 4.44% in July.
- Brazil's annual inflation rate was 4.64% in June.
- Lower housing costs contributed to the inflation slowdown.
- Rising electricity bills partially offset the decrease in housing costs.
- The July inflation rate is within the central bank's target range.
- The national statistics agency IBGE released the data.
Brazil's annual inflation rate experienced a slowdown in July, reaching 4.44%. This figure represents a decrease from the 4.64% recorded in June. The deceleration in price increases was significantly influenced by a decline in housing costs. These lower housing expenses helped to offset a rise in the cost of electricity. The current inflation rate now sits within the target range established by Brazil's central bank, indicating a positive development in managing price stability. The data was released by the national statistics agency, IBGE.