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Brazil industry inflation reaches 33% per year averaging all sectors

RIO DE JANEIRO, BRAZIL - Producer inflation has increased by 23.55% in the year-to-date, and all activities monitored by the Brazilian Institute of Geography and Statistics (IBGE) registered increases in August.

"The strong demand in international trade and the devaluation of the Brazilian real against the dollar have impacted industrial prices in the domestic market," said IBGE producer price index research manager Manuel Souza Neto.

In the food sector, prices increased 2.19% from July to August and this sector accumulates a year-to-date increase of 12.47%. Another important impact occurred in the oil sector: the . . .

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