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.
"We have made a lot of partnerships with the participants, businessmen and government officials that came in to strengthen the ties and partnerships between our companies. And Cameroon, which is our country, and Africa at large. We know the relationships that have been established between Russia and African countries, Russia and BRIC countries, it make us really sure that something new will come up in Africa, something new in the era of development."