Myfxtools
  • Login
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
No Result
View All Result
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
  • Login
Myfxtools
Home News

Brazil’s Inflation Rate Rises Due to Jump in Air Travel Prices

by Myfxtools
October 26, 2023
in News
Share on TwitterShare on Facebook

Brazil’s inflation rate experienced a surge in the 12-month period leading up to mid-October, mainly driven by a significant increase in air travel prices compared to the previous month.

According to the Institute of Geography and Statistics (IBGE) of Brazil, consumer prices saw a rise of 0.21% from September 16 to October 15, with a year-on-year increase of 5.05%. In the month leading up to mid-September, consumer prices increased by 0.35%, and over the 12-month period, there was a rise of 5.0%.

Transportation prices witnessed a growth of 0.78% in the month leading up to mid-October, following a 2.02% increase in the previous month. The notable increase in air travel costs, which is a part of the transportation component, was particularly significant at a staggering 23.75% within the same month. Meanwhile, food prices experienced a decline of 0.31% during the month, marking the fifth consecutive decrease, although at a slower pace than the 0.77% decline in September.

The IPCA 15, which serves as the mid-month consumer price measurement, is one of several inflation indices generated in Brazil. On the other hand, the IPCA, the primary inflation reference for the Central Bank of Brazil, measures an entire calendar month.

Based on the central bank’s weekly survey of economists, it is anticipated that the IPCA will reach 4.65% by the end of this year.

forex ea chart
Would you like to try out trading with an Expert Advisor?
Check Out Best Forex EAs Here
Tags: Air TravelBrazilconsumer pricesInflationtransportation
Previous Post

Hellenic Dynamics Signs $3 Million Loan Facility for Expansion Strategy

Next Post

CaixaBank Sees Rise in Third-Quarter Profit

Next Post

CaixaBank Sees Rise in Third-Quarter Profit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

4 + 4 =

Recent Posts

  • Economic Calendar for the Week of June 29th
  • NZD/USD Strengthens as Fed Independence Questioned
  • USD/CNH Seen Ranging Narrowly With Downside Bias Building
  • Euro Climbs as Trump Fed Remarks Boost Rate-Cut Bets
  • Euro Poised for Higher Range on Strong Momentum
  • About Us
  • Contact Us
  • Privacy Policy
  • Risk Disclosure
Myfxtools turns raw trade logs into verified dashboards and AI-driven insights - helping traders see, share, and sharpen their edge.

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In