Brazil's Monthly Inflation Forecast Points to One-Year High

Monday, 11 March 2024, 12:08

The monthly inflation rate in Brazil is projected to reach a one-year peak in February, according to a Reuters poll. Despite some seasonal effects, consumer prices have remained relatively stable in 2023, attributed to the central bank's cautious policy stance. An increase of 0.78% is expected due to tuition fees and fuel price fluctuations, with economists anticipating a subsequent decline.
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Brazil's Monthly Inflation Forecast Points to One-Year High

Monthly Inflation Outlook

Brazil is set to experience a one-year high in monthly inflation for February, as predicted by a recent Reuters poll.

Factors Affecting Prices

  • Seasonal effects
  • Tuition fee hikes
  • Fuel prices influenced by tax adjustments

Consumer prices have been relatively stable in 2023 overall, largely due to the central bank's strict policy measures to cool down the economy.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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