that is more or less in line with expected figures. According to S&P´s the market consensus was +0.2%, Patria forecast 0.4% m-to-m. The annual growth slowed down from 5.1% in June to 5.0%.
The July m-to-m figure was influenced especially by 0.9% growth of prices in food and tobacco industry. This high growth foreshadows ongoing acceleration in food prices within CPI index.