Brazil's inflation rate, measured by the Extended Consumer Price Index (IPCA), stood at 0.47 percent in August, up from 0.24 percent in the previous month, the Brazilian Institute of Geography and Statistics (IBGE) said Thursday.
The result differed from analysts' forecasts, which pointed to an inflation rate of 0.38 percent last month.
The accumulated IPCA in the first eight months this year reached 2.8 percent, up from 1.78 percent in the same period last year, said the IBGE.
It added that for the past four months, milk and dairy products had been the main factors to consider in the analysis of inflation in the country.
In July and August, prices for such products increased 11.31 percent and 5.77 percent respectively.
The rise was decelerating, but it has already shown signs of resumption, said Eulina Nunes, an economist of the IBGE.
She said the U.S. dollar, which has been devalued in relation to local currency Real, will help bring down the inflation rate.
Source: Xinhua
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