According to Brazil's IBGE statistics bureau, inflation last month in South America's largest country reached 0.42% for an accumulated 4.51% year-on-year. These results were driven mainly by increases in the prices of food, Agencia Brasil explained. January's figures were lower than the 0.56% recorded by the Broad National Consumer Price Index (IPCA) in December. Read full article
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Disclaimer & comment rulesThe IPCA of January/23 was 0.53%. Brazilian inflation is under control, a further reduction in inflation could cool the economy and prevent more robust growth.
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