Brazil: Inflation falls to lowest level since August 2010
April 7, 2017
Consumer prices in March increased 0.25% over the previous month, which was below February’s 0.33% rise. The slowdown came on the back of lower prices for transportation and communication goods.
Inflation continued to drop, falling to an over six-year low of 4.6% (February: 4.8%), in line with market expectations. The sharp fall will give the Central Bank space to continue with its easing cycle to support an economic recovery. Inflation is within the Central Bank’s target band of 2.5%-6.5%.