The customer price index in Brazil increased 2.84% in February from a year prior to, losing strength from the previous month when the index increased 2,86%, inning accordance with the country’s stats workplace (IBGE).
It was the slowest yearly inflation rate since November, when the customer cost index increased 2.80%. Experts expected a 2.82% annual inflation.
On a regular monthly comparison, the Brazilian consumer price index increased 0.32% in February – the tiniest boost for that month considering that 2000, when regular monthly inflation was at 0.13%. In January, the index grew 0,29%. Far in 2017, the inflation rate in Brazil is up 0,61%.
The annual inflation target in Brazil varies from 3% to 6%.
The next monetary policy decision at the Brazilian central bank is set up for March 21.
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