Brazil Fipe's Index Up 0.25% In Oct Vs 0.16% In Sept

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Brazil Fipe's Index Up 0.25% In Oct Vs 0.16% In Sept SAO PAULO (Dow Jones)--The pace of consumer inflation in Brazil's largest city, Sao Paulo, picked up in October as housing and transports prices accelerated in the period, the Fipe research foundation said Wednesday. Fipe, which is affiliated with the University of Sao Paulo, said its consumer price index rose 0.25% in the period, compared with a rise of 0.16% seen in September. The figure was in line with market forecasts for an increase of between 0.15% and 0.26%. Housing prices picked up 0.53% in October, compared with an increase of 0.47% seen in September. In addition, transports prices accelerated 0.83% in the period, compared with a rise of 0.25% seen in the previous period. Brazil's central bank kept the Selic base interest rate at 8.75% last month with recent figures indicating that inflation is under control. The Selic base rate is now at its lowest level ever. -By Rogerio Jelmayer, Dow Jones Newswires; 5511-2847-4521; rogerio.jelmayer@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=Qbya3brx0WJJJn5dIJcL1g%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones NewswiresNovember 04, 2009 06:12 ET (11:12 GMT)Copyright 2009 Dow Jones & Company, Inc.

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