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Brazil’s inflation falls for the 10th consecutive month amid high rates

Brazil's annual inflation slowed for the tenth consecutive month in mid-March, although underlying readings remained elevated as the central bank resists mounting political pressure to lower interest rates.

Consumer prices rose 5.36% from a year earlier, down from last month's reading of 5.63% but slightly above the median estimate of analysts surveyed by Bloomberg of 5.33%.

Monthly inflation slowed to 0.69%, according to official data released Friday.

Monetary policymakers kept the benchmark rate at 13.75% this week for the fifth consecutive meeting, angering President Luiz Inácio Lula da Silva and his . . .

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