Americas
Brazil's producer inflation rises 1.58% in July for 6th straight month
Producer prices annually down 0.76%, according to official figures
Ovunc Kutlu |
29.08.2024 - Update : 29.08.2024
World Farmers' Day in Brazil
ISTANBUL
Brazil's producer price index (PPI) increased 1.58% in July, rising for the sixth consecutive month, according to official data released Thursday.
The monthly PPI figure for June was slightly revised down to a gain of 1.26% from an increase of 1.28%.
A total of 21 sectors out of 24 saw gains in prices during the month of July, the Brazilian Institute of Geography and Statistics said in a report.
The largest monthly gain was seen in metallurgy with 4.47%, followed by paper and cellulose that saw an increase of 3.79%.
On an annual basis, producer prices were down 0.76% in July, compared to the same month of last year.
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