Brazil: Inflation picks up in April from the prior month
Latest reading: Consumer prices were up 4.4% on a year-on-year basis in April, following a 4.1% rise in the prior month.
Relative to the previous month’s data, there were higher price pressures for transportation (+4.2% in annual terms vs +3.7% in March), food and beverages (+2.7% vs +2.1% in March) and housing and utilities (+6.2% vs +5.7% in March). In contrast, price pressures reduced for clothing in April (+4.4% vs +4.9% in March). Finally, the variation in education prices was the same as in the prior month (+6.4% in April and March).
Meanwhile, core consumer prices were up 4.6% on a year-on-year basis in April, following a 4.8% increase in the prior month.
Lastly, consumer prices were up 0.67% in April on a month-on-month basis, following a 0.88% increase in the previous month.