Brazil: Inflation falls to six-month low in March
Consumer prices in March rose 0.09% over the previous month, below February’s 0.32% rise. March’s reading was below analysts’ forecasts of a sharper 0.12% rise. The deceleration was largely driven by falling transport prices due to the end of the summer holiday.
Inflation came in at a six-month low of 2.7% in March, slightly below February’s 2.8%. Prices pressures are at a historic low in the country and below the Central Bank’s target of 4.5% plus or minus 1.5 percentage points. Annual average inflation fell to 2.9% in March, the lowest rate in over a decade, from 3.1% in February.