RIO DE JANEIRO, BRAZIL – Inflation in Brazil rose less than in the United States and the Euro Zone in one year. When considering the accumulated 12 months to March, the IPCA (National Consumer Price Index) advanced 5.2 percentage points in Brazil compared to what was recorded in the previous 12-month period.
The rate in the Euro Zone grew 6.2 p.p. in the same comparison, from 1.3% to 7.5%. In the USA, it went from 2.6% to 8.5% – an increase of 5.9 p.p.
The war in Russia and Ukraine is pressuring prices. The conflict has mainly impacted global inflation in the energy group, which includes fuels. The price of a barrel of oil rose on the international market after the beginning of the attacks in Eastern Europe.
Among the 15 members of the G20 that disclosed the inflation until March, Brazil was in the ninth position in the ranking of percentage point increases compared to the previous period. It registered 11.30%, the highest level since October 2003, when it was 13.98%. Saudi Arabia, Argentina, Australia, Canada, and Japan have not released their March rates yet.
On April 13, the United Kingdom announced that the country’s inflation reached the highest level in 30 years. It reached 7% in the 12-month accumulated until March. The United States reported that the index rose 8.5% in the same period, the highest rate in 41 years.