Brazil posts biggest monthly deflation ever. What does it mean?

Brazil posts biggest monthly deflation ever. What does it mean?

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Consumer prices in Brazil fell 0.68 percent in July. Efforts from the government to bring down energy prices on the one hand � and from the Central Bank to control inflation through aggressive monetary tightening on the other � appear to have borne fruit, with prices falling in the transport and housing categories and bringing overall inflation down.

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