The general increase was mainly due to the increase in the costs of education and the living, according to the IBGE. Annual inflation reached 4.96%, more than 4.50% in January and is the highest since October 2023.
The IPCA-15 consumer price index of Brazil registered at the beginning of February His greatest monthly rise in almost three yearscarrying inflation at 12 months to its highest level since the late 2023, while the Central Bank continues to harde its monetary policy.
The prices in the largest economy in Latin America rose 1.23% in the month until mid -Februarythe government agency of IBGE statistics said on Tuesday, more than 0.11% of the previous month.
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Inflation is accelerated and a rate of rates is expected
It was the highest reading since April 2022, although it was lower than the 1.33% rise that economists expected in a reuters survey.
The general increase was mainly due to the increase in The costs of education and housingaccording to the IBGE.
Annual inflation reached 4.96%, more than 4.50% in January and It is the highest since October 2023. Market expectations pointed to 5.08%.
The Central Bank of Brazil aims at 3% inflationmore or less 1.5 percentage points, and has been raising interest rates aggressively to meet it.
The market expects the bank, in an effort to stop inflation, Announce in March a third consecutive rise of 100 basic points of the SELLIC interest rate, which will place it at 14.25%, its highest level in eight years.
Source: Ambito
