The annual rate of inflation in mid-February rose to 10.76%, from 10.2% in mid-January, and well above the 3.5% consumer price inflation target set by the central bank for the end of January. of year.
The median forecast in a Reuters poll of economists indicated a rise of 10.6% for the 12-month period.
According to the IBGE, prices rose in eight of the nine groups of goods and services. The largest increase occurred in the education group, which rose by 5.64% monthly.
The accumulated inflation rate of the IPCA-15 so far this year is 1.58%, said the IBGE.
The head of Brazil’s central bank, Roberto Campos Neto, acknowledged that inflation continues to rise, saying it would start to fall faster between April and May.
Monetary policymakers have raised the country’s benchmark interest rate to 10.75%, from a record low of 2% in March last year, and have already signaled the need for further adjustments in the future.
Source: Ambito
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