HALISTER1: Brazil Aug. CPI Estimate Cut to 0.37% From 0.50% at Itau

Brazil Aug. CPI Estimate Cut to 0.37% From 0.50% at Itau

(Bloomberg) -- Highest contribution to Aug. IPCA inflation index will come from transportation and housing groups, due to fuel and electricity price pressures, as it happened in mid-Aug. data. Food group will continue to pressure CPI down for the fourth consecutive month, Itau says in a report signed by economist Elson Teles.
  • In the transportation group, the largest contribution to the Aug. IPCA-15 came from fuels, reflecting the increase in gasoline, ethanol and diesel taxes
  • In the housing group, the main contribution came from electricity
  • On the other side, the largest low contribution came from food and beverages group
Original Story: Itaú revisa projeção para IPCA ago de 0,50% para 0,37% To contact the translator on this story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net To contact the translation editor responsible for this story: Danielle Chaves at djelmayer@bloomberg.net Reporter on the original story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Taís Fuoco

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Elson Teles (Banco Itau BBA SA)

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