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Brazil
30.09.22 13:21
Society

Brazil is among the six countries with the lowest inflation in the G20 in 2022

Two consecutive deflations bring cumulative IPCA inflation to +4.4% this year

According to the latest results of the National Consumer Price Index (IPCA), Brazil was among the countries with the lowest inflation among the Group of Twenty (G20), made up of the world's largest economies. This was reported by TV CULTURA, a partner of the TV BRICS network, with reference to the Austin Rating agency.

According to a recently published study, Brazil currently has the sixth-highest inflation rate among the countries in this group. As a result of two consecutive deflations, cumulative IPCA inflation has reached +4.4% so far.

Data released by the Brazilian Institute of Geography and Statistics (IBGE) show that the country has experienced two consecutive deflations. While the IPCA recorded a fall of 0.73% in July, the figure fell by 0.36% in August.

Photo: IStock

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