Brazil's producer inflation rises 0.92% in August

By Ovunc Kutlu

ISTANBUL (AA) – Brazil's producer price index rose 0.92% month-on-month in August, according to official data released on Thursday.

The index for July was revised to a decline of 0.76% from 0.82%.

A total of 12 sectors out of 24 saw gains in prices, the Brazilian Institute of Geography and Statistics (IBGE) said in a report.

The largest monthly increases were recorded in oil refining and biofuels with 7.52%, followed by extractive industries at 6.56% and clothing at 5.89%, it said.

On an annual basis, however, producer prices were down 3.04% in August compared to the same month of last year.