Inflation advances 0.26% in July with electricity pressure, says IBGE

In July, the IPCA (National Consumer Price Index) was up 0.26%, after rising 0.24% in the previous month. The index, which measures Brazil’s official inflation, was released by the IBGE (Brazilian Institute of Geography and Statistics) on Tuesday (12).

In the 12 -month window, the IPCA accumulated 5.23%, below 5.35% of the immediately previous 12 months.

The monthly result was again influenced by residential electricity, which recorded the largest individual impact on the index (0.12 pp). The energy rate had already been the “villain” of inflation in May and June.