Brazil consumer prices forecast to have dropped 0.15% in August vs July: Reuters poll

Brazil's consumer price index is forecast to have dropped 0.15% in August against July thanks to a special discount in electricity bills and benign trends in food costs, a Reuters poll showed. While potential headline deflation could support expectations of monetary policy easing ahead, some components probably remained sticky, warranting more central bank caution. The IPCA consumer price index likely fell 0.15% last month over July, according to the median estimate of 22 economists polled September 3-8.