Brazil: Inflation hits over four-year high in March
April 9, 2021
Consumer prices rose a seasonally-adjusted 0.93% from the previous month in March, picking up from the 0.86% rise recorded in February. Looking at the details of the release, prices for transportation as well as for housing and utilities increased in March.
Inflation rose to 6.1% in March, above February’s 5.2%, marking highest inflation rate since December 2016. Annual average inflation rose to 3.6% in March (February: 3.3%).
Author: Hanna Andersson, Economist