Brazilian inflation in July rose for that month the most in four years, figures showed on Friday, driven by fuel and housing costs, although the annual measure remained significantly below the central bank's year-end target. The IPCA index rose 0.36% in July, government statistics agency IBGE said, almost exactly in line with the 0.35% that economists in a Reuters poll had expected.
SÃO PAULO--Brazil's inflation accelerated in July from the previous month as fuel and electricity prices increased. Consumer prices increased 0.36% from June, the Brazilian Institute of Geography and Statistics, or IBGE, said Friday. Prices rose 2.31% from a year earlier.
Brazilian consumer price inflation, as measured by the IPCA index, was 0.36% in July, government statistics agency IBGE said on Friday, almost exactly in line with the 0.35% that economists in a Reuters poll had expected. Prices rose 2.31% in the 12 months through June, exactly matching the median forecast of 2.31% in a Reuters poll and still well below the central bank's end-year target of 4.00%.
Brazilian President Jair Bolsonaro issued a decree on Thursday that will set aside 1.9 billion reais in funds to purchase and eventually produce the potential COVID-19 vaccine being developed by AstraZeneca PLC and Oxford University researchers. Brazil's Acting Health Minister General Eduardo Pazuello said the vaccine could be available for Brazilians by December or January.
Brazilian President Jair Bolsonaro issued a decree on Thursday to provide 1.9 billion reais in funds to purchase and eventually produce a COVID-19 vaccine being developed by AstraZeneca PLC (AZN) and Oxford University researchers.
A decision on whether to extend emergency payments to millions of Brazil's poorest people, an economic lifeline in the COVID-19 pandemic, will be taken later this month, Treasury Secretary Bruno Funchal said on Thursday.
Brazil's economy will be one of the first in the world to recover from the coronavirus-fueled crisis, Economy Minister Paulo Guedes said on Thursday, including before the United States. Speaking at the Aspen Security Forum via video link, Guedes said he was "quite pleased" with how the economy has responded to the government's support measures.
Reuters poll
* Brazil to privatize 3-4 larges companies; Bovespa up 1.1%
(Updates prices)
By Shreyashi Sanyal and Susan Mathew
Aug 6 (Reuters) - Brazil's real slumped on Thursday ...
New unemployment insurance claims in Brazil fell in July, figures showed on Thursday, a sign that the labor market has passed the worst of the coronavirus crisis and a counter point to other figures that suggest otherwise. New claims totaled 570,543 in July, according to an Economy Ministry presentation, down 12.7% from the month before and 8.8% lower than July last year.
New unemployment insurance claims in Brazil fell to 570,543 in July, Economy Ministry figures showed on Thursday, down 12.7% from the month before and 8.8% lower than July last year. The figures suggest the labor market is recovering from the worst of the coronavirus shock earlier this year, although total claims in January to July stood at 4.52 million, up 11.1% from last year, the ministry said.
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