Hyperinflation in Brazil

In October, the composition of inflation stands out as a factor to be considered, the Central Bank has said in a report on the monthly price developments.

Unprocessed food prices, which are prone to temporary supply conditions and are relatively beyond the control of monetary policy, posted a strong rise in this period driven by fresh fruits and vegetables, the bank said.

As the 25 percent cap on rent hikes expired as of July 2, landlords and tenants waited for the inflation data for June because if a contract is to be renewed this month, the rent hike should be in line with the 12-month average consumer price inflation.

The cap was introduced in June 2022 for two years but the government decided to discontinue it.

In May, British annual inflation eased to 2.0% from 2.3% in April, marking a return to the Bank of England's target level for the first time since July 2021. This data, released by the UK's Office for National Statistics (ONS), aligns with expectations from the market, reflecting a diminishing impact of the COVID-19 pandemic and the ongoing conflict in Ukraine.

Türkiye's annual inflation rate slowed further from 39.59 percent in May to 38.2 percent in June, the Turkish Statistical Institute (TÜİK) has said.

This marked the lowest annual inflation rate in 18 months.

Consumer prices advanced 3.92 percent in June from May, when the monthly inflation was 0.04 percent, pushed down by a temporary offer of free gas to households.

The government is determined to lower inflation permanently and is taking steps in that direction, Treasury and Finance Minister Nureddin Nebati has said.

He noted that the annual inflation rate came in at 61 percent in March, but inflation will ease to more reasonable levels toward the end of the year.

Life will continue to become more expensive in the coming months. Inflation is likely to remain high throughout the year. This is what the financier Daniel Donchev predicted on the Bulgarian National Radio.

Bulgaria: 7.8% Annual Inflation in December

Ljubljana – Annual inflation in Slovenia in July ran at 2%, mostly on the account of more expensive petroleum products, while monthly inflation was at 0.4%, the Statistics Office reported on Friday.

Petroleum products accounted for 1.2 percentage points of the annual inflation rate in July, as the prices of liquid fuels were up by 25.2%, diesel by 29.2% and petrol by 24.4%.

Treasury and Finance Minister Lütfi Elvan vowed on June 11 to continue to fight against inflation to ensure prosperity, saying that the government and the Turkish Central Bank would be in close cooperation for this purpose.

Turkey posted a 14.97% annual rise in consumer prices in January, the country's statistical authority announced on Feb. 3. 

The annual figure was up 0.37 percentage points last month, rising from 14.60% in December 2020, according to the Turkish Statistical Institute (TÜİK).

The inflation rate in January 2020 stood at 12.15%, data showed.

Turkey posted a 14.03% annual hike in consumer prices in November, the country's statistical authority said on Dec. 3. 

Annual inflation rate rose 2.14 percentage points in November, up from 11.89% in October, according to the Turkish Statistical Institute (TÜİK).

The consumer price index saw a 2.30% monthly increase, it added.