Brazil’s Weak Real Pushes Up Wholesale Prices More Than Forecast
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Brazilian wholesale prices are rising faster than economists forecast, as a 14 percent slide in the currency over the past six months pushes up the cost of imports and commodities.
Wholesale, consumer and construction prices as measured by the IGP-M index rose 1.02 percent in the last 10 days of August from the same period a month earlier, the Getulio Vargas Foundation said today. The gain was bigger than forecast by all 13 economists surveyed by Bloomberg, whose median estimate was