Brazil’s consumer price index likely fell by 0.15% in August, driven by lower electricity bills and stable food costs. Despite potential deflation, some components remain unchanged, prompting caution from the central bank. Inflation is forecast at 5.09% annually, above the target. The recent decline in costs is expected to reverse soon. Services inflation remains a concern due to a strong labor market. The central bank is expected to start an easing cycle next year due to slower disinflation.

Read more at Yahoo Finance: Brazil consumer prices forecast to have dropped 0.15% in August vs July: Reuters poll