Reuters, in its September 6, 2012 article, reports that Brazil posts fastest inflation for August in 5 years.
Extract :
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Higher food prices in
August fueled Brazil's inflation to its fastest pace for the month since
2007, data showed on Wednesday, reinforcing the view that the central bank
will soon stop its year-long interest rate cut cycle to keep prices under
control.
Brazil's benchmark IPCA
consumer price index rose 0.41 percent in August, in line with the median of
analysts' forecasts for a rise of 0.40 percent.
The sharpest monthly
price rise in five years for August boosted annual inflation to 5.24 percent
from 5.20 percent in the 12 months through July.
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Read the rest of the article at
Reuters
