Reported about 5 hours ago
Brazil's inflation rate decreased at the beginning of January, aided by one-time energy credits that alleviated price pressures for consumers. Official data revealed a 4.56% rise in consumer prices compared to the previous year, slightly below expectations, while a monthly increase of 0.16% was recorded. The central bank intends to raise the benchmark Selic rate to 14.25% in an effort to manage inflation, which has been challenging due to currency fluctuations and strong demand, amid concerns over government fiscal discipline and adverse weather impacts on crops.
Source: YAHOO