Brazil: Inflation slows for the sixth consecutive month in March
April 5, 2012
In March, consumer prices increased 0.21% over the previous month, which was less than half the 0.45% increase recorded in February and below market expectations of a 0.37% price rise. The result mainly reflected a slower increase in education prices. Annual headline inflation moderated for the sixth consecutive month and declined from 5.8% in February to 5.2% in March, settling within the Central Bank's target of 4.5% 2.0 percentage points. The Central Bank expects inflation to decline to 4.7% by the end of 2012 and to end 2013 at the same 4.7%.