RIO DE JANEIRO, BRAZIL - Inflation in Brazil dropped to 0.54% in January over the previous month’s 0.73%, the highest result for January since 2016, when it reached 1.27%, reported the IBGE (Brazilian Institute of Geography and Statistics) based on the Extended National Consumer Price Index (IPCA).
The indicator increased 10.38% year-on-year, over the 10.06% reported in the previous 12 months.
IBGE’s research team analyst André Filipe Almeida said the result was mainly driven by foods and drinks (1.11%), which had a stronger impact on the value for the month, 0 . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here