Brazil Property News: Brazil's consumer price index rises




8th September 2008 05:00


The consumer price index in Brazil increased in August, according to figures from the Brazilian Geography and Statistics Institute.

In news which may be of interest to people considering looking for property in Brazil, it is reported by Merco Press that the index rose by 0.28 per cent.

At the end of August 2008, the index reached 4.48 per cent, compared to 2.8 per cent in the same period in 2007.

It is reported that the central bank has set a target to hit 4.5 per cent by the end of the year.

The Brazilian Central bank has recently "toughened" its monetary policy, which may affect real estate in the country, in the hope of containing inflation.

Currently, the base rate stands at 13 per cent, but is expected to rise by 0.75 per cent on September 10th at the next meeting of the monetary council.

Brazzilmag.com also reports that the country's agribusiness exports are set to reach US$ 74.4 billion (£42.2 billion) by the end of the tear.


Follow uv10 on Twitter   



Related News



News Archive


How to invest in Brazilian property

When it comes to property investment, the early bird really does catch the worm.


uv10's web site is designed to help and will provide you with the following invaluable information:



To find out more about investing, and have the chance to be one of the first to invest in this exciting and dynamic market, fill out our online form and we'll be in touch to answer all your questions.



Brazil property with uv10
Property in Brazil
Land in Brazil
Brazil - property buying made easy
Brazil Property Investment
Why buy now in Brazil
Natal, Brazil
Pipa, Pipa Beach, Praia do Pipa, Brazil
questions and answers about property in brazil
uv10 Brazil Property in the news
Brazil Property News
Contact uv10
About Us
Register for the Brazil Property Guide
Name:
Email:
Phone:
Your message: