The Brazilian Institute of Geography and Statistics (IBGE) is scheduled to release the IPCA (Broad Consumer Price Index) for August on Tuesday, September 12. Itaú predicts a monthly increase of 0.29%, with factors such as the vehicle sector and gasoline prices expected to drive inflation. The annual rate, previously at 4% in July, is anticipated to rise to 4.7%.
The IPCA is a monthly measure of inflation in Brazil. It is calculated by tracking the prices of a basket of goods and services that are commonly purchased by households. The IPCA is used by the Brazilian government to set monetary policy and to measure the country’s economic performance.
In addition to the IPCA, the IBGE will also release two other economic activity indicators on Thursday, September 14 and Friday, September 15. On Thursday, data for the service sector in July will be released. On Friday, retail sales data for the same month will be published.
The Brazil Institute of Geography and Statistics
More Read About: Brazilian Capital Market: Americanas and Light Crises
The service sector is a major driver of the Brazilian economy. It accounts for about 70% of GDP. The July data is expected to show that the service sector continued to grow in the month, albeit at a slower pace than in previous months.
Retail sales are also an important indicator of economic activity. They measure the amount of money that consumers spend on goods and services. The July data is expected to show that retail sales grew in the month, but at a slower pace than in previous months.
The upcoming release of the IPCA and economic activity indicators will be closely watched by investors and economists. The data will provide insights into the state of the Brazilian economy and the outlook for inflation.
Source: InfoMoney