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Brazil’s Inflation Soars with Higher Energy Bills

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s IPCA (Consumer Price Index) for the month of March registered an increase of 1.32 percent, according to the IBGE Statistics Bureau, the highest inflation growth rate since February of 2003. For the last twelve months inflation has risen by 8.2 percent, well over the ceiling of the target established by Brazil’s Central Bank of 6.5 percent. For the first quarter of the year, Brazil’s inflation rate already increased by 3.83 percent.

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