Producer inflation in Brazil accelerated in July
Prices of the extractive industry grew by 16.7% y/y in July, following a higher demand for commodities on the international markets.
Brazil’s producer price index (PPI) jumped by 11.1% y/y in July, compared to 6.4% y/y in June, reflecting higher prices in the industrial sector. Prices of the extractive industry grew by 16.7% y/y in July, following a higher demand for commodities on the international markets.
In the manufacturing, prices climbed by 10.8% y/y, influenced by higher prices of transportation equipment (excluding vehicles) and food, which climbed by 26% y/y and 24% y/y, respectively.
Further data and analysis on Brazil’s economy could be found on the CEIC Brazil Economy in a Snapshot – Q2 2020 report.