Brazil inflation slows sharply

BRAZIL - Brazil's inflation in September slowed considerably over previous months but is still expected to exceed the upper limit of the government's year-end target of 6 per cent.

The Sao Paulo consumer price index rose by 0.32 per cent last month, down from a rise of 1.15 per cent in August and 1.21 per cent in July. Inflationary pressure eased as a result of weaker consumer demand following consecutive interest rate increases by the central bank earlier this year.

According to the latest con