Brazil’s inflation rose to 0.38% in April, exceeding March’s 0.16% but falling below April of last year’s 0.61%.
The Brazilian Institute of Geography and Statistics (IBGE) released these statistics on May 10.
The National Consumer Price Index (IPCA), which measures inflation, showed a year-to-date inflation rate of 1.8%.
Meanwhile, the 12-month cumulative rate reached 3.69%. This cumulative rate remains below March’s 3.93% and within the Monetary Council’s 1.5% to 4.5% target range.
Food and health expenses drove April’s inflation increase.
The food and beverages category saw a 0.7% price rise, notably in papayas (22.76%), onions (15.63%), tomatoes (14.09%), and ground coffee (3.08%).
Health and personal care prices increased 1.16%, largely due to pharmaceuticals, which rose 2.84%.
This rise followed a government-approved price hike of up to 4.5%, starting on March 31.
Key pharmaceutical products experienced significant price hikes, including antidiabetics (4.19%), antibiotics (3.49%), and blood pressure medications (3.34%).
On the other hand, some sectors showed signs of relief. Household goods prices declined 0.26%, while housing expenses decreased 0.01%.
Other sectors had the following inflation rates: clothing (0.55%), communication (0.48%), transportation (0.14%), personal expenses (0.10%), and education (0.05%).
April’s inflation underscores Brazil’s struggle to stabilize its economy amid high food and health costs.
Elevated prices burden families more and threaten economic stability. Yet, recent policies aim to manage inflation and support recovery.