Tag: Fernando Gonçalves

• Tuesday, February 11th 2025 - 19:52 UTC

  Brazil: January's IPCA lowest since 1994

  

  Inflation last month in South America's largest country reached 0.16%, January's lowest since 1994, the Brazilian Institute of Geography and Statistics (IBGE) announced Tuesday. The agency also noted that the main cause for such an unprecedented feat after the introduction of the real was the so-called Itaipu Bonus, a special discount on electricity bills benefitting some 78 million consumers. The Real Plan was implemented in July of that year.

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