No menu items!

Brazil’s deflation to benefit Paraguay through foreign currency inflows

Inflation in Brazil decreased by 0.36% in August after a 0.68% drop in July. With this result, year-on-year inflation stood at 8.73%, according to the report of the Central Bank of Brazil.

According to analysts, it will impact Paraguay, mainly on foreign currency inflows to the country through family remittances.

The slowdown was mainly due to the cuts in electricity and fuel tariffs implemented recently to benefit middle and low-income people.

The recorded Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content