The larger-than-expected rise in Brazilian inflation to 8.5% y/y last month was driven entirely by an increase in food inflation as well as regulated price hikes. Meanwhile, the infrastructure programme unveiled yesterday by the government is a step forward, but past form suggests that the big test will come with implementation.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services