The interannual inflation rate broke a sequence of two consecutive declines in Brazil and moved away from the roof of the finish line for this year, which is 4.5%.
The Inflation in Brazil rose in February to 5.06% year -on -year, half a point more than in January, with what reached its highest level since September 2023as reported on Wednesday the Brazilian Institute of Geography and Statistics (IBGE).
The National Consumer Price Index increased in the second month of the year to 1.31 %, compared to 0.16 % in January, according to IBGE. That jump is the highest recorded for a month of February since 2003.
In the monthly rise Iabove all the 16.80% increase in residential electricity, according to the Brazilian government statistics office. The rise in food prices, a reason for great concern on the part of the country’s president, Lula da Silva, It modeled slightly from 0.96% in January to 0.70% in February.
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So, The interannual inflation rate broke a sequence of two consecutive declines in Brazil and moved away from the roof of the finish line for this year, which is 4.5%. Price increase contrasts with the deceleration of the Brazilian economywhich in the last quarter of 2024 advanced only 0.2% compared to the previous three months.
This cooling partly obeys the cycle of increases in the official types of interest promoted by the Central Bank with the aim of controlling the pricing climbing. The basic interest rate is today of 13.25% annually and the issuing body is expected to increase at one point on Wednesday of next week for the continued price of prices, the country’s fiscal situation and uncertainty in the international scenario.
The financial market, in fact, It provides that the types will close this 2025 in 15% per year. Despite this, he estimates that Brazilian inflation will end the year at 5.68%. Brazil, the largest economy in Latin America, recorded an inflation of 4.83 % at the end of 2024, exceeding the percentage of 2023 (4.62 %).
Source: Ambito
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