{"id":1683344,"date":"2022-10-11T10:09:01","date_gmt":"2022-10-11T14:09:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1683344"},"modified":"2022-10-11T10:09:21","modified_gmt":"2022-10-11T14:09:21","slug":"consumer-prices-in-brazil-down-for-the-third-month-on-lower-fuel-costs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumer-prices-in-brazil-down-for-the-third-month-on-lower-fuel-costs\/","title":{"rendered":"Consumer prices in Brazil down for the third month on lower fuel costs"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fconsumer-prices-in-brazil-down-for-the-third-month-on-lower-fuel-costs%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1683344&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>SAO PAULO (Reuters) \u2013     Brazil\u2019s consumer prices were in deflationary territory for the third month in a row in September, data from government statistics agency IBGE showed on Tuesday, still benefiting from major tax cuts on fuels and electricity ahead of a presidential election runoff.<\/p>\n<p>The benchmark IPCA index fell 0.29% last month, IBGE said, a smaller drop than the 0.34% forecast by economists polled by Reuters and slowing down from the 0.36% fall seen in the previous month.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The consumer price drops came on the back of an aggressive monetary tightening cycle by the country\u2019s central bank and state tax cuts aimed at lowering high energy prices, which had been hurting President Jair Bolsonaro\u2019s popularity as he runs for re-election.<\/p>\n<p>Latin America\u2019s largest economy also benefited from moves by state-run oil firm Petrobras to cut refinery gate fuel costs in the period.<\/p>\n<p>The transportation sector once again led consumer prices down in Brazil in September, posting a 1.98% drop, while food and beverage prices fell for the first time since November 2021, IBGE said.<\/p>\n<p>The statistics agency also noted, however, that five of the nine groups surveyed didn\u2019t post monthly decreases, signaling that some pressures remain as costs rose in groups such as housing, apparel and personal expenses last month.<\/p>\n<p>In the 12 months through September, inflation reached 7.17%, down from 8.73% in the previous month though slightly above the 7.1% forecast.<\/p>\n<p>Annual inflation still remains well above the central bank\u2019s target of 3.5%, with a tolerance margin of 1.5 percentage points on either side.<\/p>\n<p>Last month, the bank decided to pause its aggressive monetary tightening after 12 consecutive interest rate hikes, keeping the benchmark rate at 13.75% on improving inflation expectations.<\/p>\n<p>William Jackson, chief emerging markets economist at Capital Economics, said the latest inflation plunge confirmed that the tightening cycle has ended.<\/p>\n<p>\u201cBut with some goods and services inflation still rising, and the headline rate far above target, a shift towards interest rate cuts remains a long way off,\u201d he added.<\/p>\n<p> (Reporting by Gabriel Araujo; Editing by Steven Grattan and Alistair Bell)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/consumer-prices-in-brazil\/attachment\/prices-are-displayed-at-a-market-in-rio-de-janeiro\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A0QN-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A0QN-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/consumer-prices-in-brazil\/attachment\/a-worker-attends-a-client-at-a-gas-station-in-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9A0QO-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9A0QO-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAO PAULO (Reuters) \u2013 Brazil\u2019s consumer prices were in deflationary territory for the third month in a row in September, data from government statistics agency IBGE showed on Tuesday, still<\/p>\n","protected":false},"author":66,"featured_media":1889684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1683344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/consumer-prices-in-brazil\/?utm_source=rss&utm_medium=rss&utm_campaign=consumer-prices-in-brazil","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1683344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1683344"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1683344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889684"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1683344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1683344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1683344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}