Brazil inflation slows in July after truckers' strike

Brazilian annual inflation rose 4.48 percent through July, the government statistics office said Wednesday, slowing significantly after a spike caused by a truckers' strike in May.

For the month of July, consumer prices rose 0.33 percent, compared to 1.26 percent in June as a result of the strike which saw goods disappear from shop shelves and gas stations run out of fuel.

A panel of analysts in the financial daily Valor had expected a 0.27 percent price rise for the month.