Under the effect of high energy, the inflation expectation was 0.72% in July

Energy impacted July inflation snapshot | Photo: Marcello Casal Jr / Agence Brazil

The official inflation forecast for July was 0.72%, under the impact of electricity, which represents 0.21 percentage point in the total result. The data was released by the Brazilian Institute of Geography and Statistics (IBGE) on Friday (23).

The increase reached 4.79% of electricity in the National Extended Consumer Price Index 15 (IPCA-15), the highest result of the month since 2004, when it reached 0.93%. Over the past 12 months, the increase is 8.59%.

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