RIO DE JANEIRO: Annual inflation in Brazil rose for the second straight month in August, to 4.61 percent, officials said Tuesday, after the central bank cut interest rates for the first time in three years.Latin America’s biggest economy had registered annual inflation of 3.99 percent in July, the first time the rate had risen in more than a year.Energy prices drove the increases in August, with rises in the housing (1.11 percent) and transportation (0.34 percent) categories, driven by higher electricity and fuel costs, said the national statistics institute, IBGE.Food prices, however, decreased for a third straight month, by 0.85 percent, it said.The monthly inflation reading was 0.23 perce
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