In February, consumer prices increased 0.45% over the previous month, which was below the 0.56% increase recorded in January but in line with market expectations. The result mainly reflected an increase in prices for education, due to the price adjustments implemented in the beginning of the school year. Annual headline inflation, however, decelerated for the fifth consecutive month and declined from 6.2% in January to 5.8% in February, settling within the Central Bank's target of 4.5% 2.0 percentage points. The Central Bank expects inflation to decline to 4.7% by the end of 2012 and to end 2013 at the same 4.7%.
Inflation continues to decelerate in February
March 9, 2012
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Brazil Economic News
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.