Brazil inflation rate jumped in July

Note: This section contains information in English only.
Source: Bloomberg
According to the Brazil's statistics agency, nation's inflation rate surprisingly jumped in July. Consumer price index increased by 0.33 per cent, reaching ten-month high at 5.24 per cent.  Meanwhile, Brazil's economy is developing at a lower pace than it was previously expected, with GDP growth by 0.8 per cent during the first quarter of this year, and with nation's central bank economists forecast of only 1.9 per cent economic growth in 2012.
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Fri, 20 Jul 2012 17:01:21 GMT

Eurozone's finance ministers approved aid for Spanish banks

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