Brazil: Inflation falls to lowest level since September 2010
March 10, 2017
Brazilian consumer prices in February increased 0.33% over the previous month, which was below January’s 0.38% rise and undershot the 0.43% figure analysts had expected. The slowdown came on the back of lower prices for food and beverages as well as transportation goods.
Inflation continued to drop, falling to an over six-year low of 4.8% (January: 5.4%). 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%.