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Brazil's inflation up 0.67% in June as food prices weigh

The figure was above the 0.47% rise seen a month earlier, but below expectations as economists polled by Reuters had projected a 0.7% increase.

All of the nine groups surveyed posted a positive reading last month, with the biggest impact stemming from a 0.80% increase in food and beverages costs, IBGE said in a statement.

Prices rose 11.89% in the 12 months through June, up from an increase of 11.73% as of the previous month and roughly in line with expectations of an 11.90% rise.


Source: Economy - investing.com

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