SAO PAULO (Reuters) -Brazil’s inflation resumed growth in September, despite the continuous easing in food prices, data from statistics agency IBGE showed on Thursday.
Consumer prices in Latin America’s largest economy rose 0.48% in September, up from a 0.11% drop in August, the agency said. The result came in slightly below the 0.52% expansion forecast by economists at a Reuters poll.
The food and beverage group, which is the heaviest component in the inflation basket, fell 0.26% in the month, marking the fourth straight drop, IBGE said.
“The household food group continues to show negative variations, given the greater supply of products,” IBGE research manager Fernando Goncalves said in a statement.
Over the 12 months through September, consumer prices rose 5.17%, accelerating from 5