Brazil: Inflation Falls

Brazil’s annual inflation rate dropped to 6.02 percent in the 12 months through August, according to the government´s benchmark IPCA consumer price index. The index was 6.57 percent in July and reached a 16-month high of 8.07 percent in April. Central bankers have left their benchmark interest rate at 19.75 percent for the past three months after nine increases in nine months.