In brief
36% in August, according to IBGE.
83%.
What we know
04Transmission to assets
Market read-through
The one-off rise does not change the moderate trend in industrial prices, but reduces the relief from raw materials.
Portfolio impact
01Juros futuros curtosnegative
Higher industrial costs may reach consumers.
Small effect.
What would change the view: Pass-through to retail.
Direction is an explanatory hypothesis, not a forecast or recommendation.
Next signals
What to watch
- September IPCAInflationMacroChange in the price level, tracked in Brazil primarily through the IPCA index.Open in the Market Map ↗
- September PPI
- Exchange rate and commodities
Limits of the reporting
What remains uncertain
- The 12-month change was reported by a single source read.