In March, consumer prices rose 0.79% over the previous month. The reading, which followed on a 0.80% increase in February, was above both market expectations of a 0.70% increase and the 0.52% rise recorded in March 2010. As a result, annual inflation stepped up to 6.3% (February: 6.0%), which sits above the Central Bank's target of 4.5% ( 2.0 percentage points) for a seventh month in a row. The monthly increase was driven by higher transport costs, which rose 1.56% over the previous month. Moreover, higher food prices also fanned the pronounced reading, increasing 0.75% over February. The Central Bank revised its inflation forecast for this year from the 5.0% previously expected to 5.6%.
Inflation pushes towards Central Bank?s target upper limit
April 7, 2011
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Brazil Economic News
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.
September 28, 2016
Business sentiment improved in September, according to the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence indicator.