Brazil: Inflation falls to lowest level in over 21 years in April
Consumer prices fell a seasonally-adjusted 0.31% over the last month in April, swinging from the 0.07% increase logged in March. April’s result marked the sharpest month-on-month fall in prices since August 1998. The reading was driven by plunging transportation prices, while prices for housing, and health and personal care also dropped in the month.
Inflation came in at 2.4% in April, down from March’s 3.3%. April’s figure represented the lowest inflation rate since February 1999. Meanwhile, annual average inflation fell to 3.5% in April from 3.7% in March.