![](https://2c717466dc25cd7041c9-8eeda6a8ca964cf210ed223dbc947813.ssl.cf2.rackcdn.com/21337153-734335537-TBR-PHOTOS14-100x67.png)
Brazil’s 12-month inflation hits target ceiling
Brazil’s 12-month inflation rate reached the target ceiling in July, as anticipated following Petrobras’s announcement of a fuel price hike. The state-controlled oil and gas giant, responsible for over 80 percent of the country’s refining capacity, drove …