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Brazil: Inflation inches up in April, stays below Central Bank's target

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Staff Writer | May 11, 2018
Brazil inflation
Brazil   Rising prices for health and personal care items

Consumer prices in April rose 0.22% over the previous month, above March’s 0.09% rise.

The acceleration was largely driven by rising prices for health and personal care items, specifically higher medicine prices.

Inflation ticked up in April, coming in at 2.8% (March: 2.7%). Prices pressures remain at a historic low in the country and below the Central Bank’s target of 4.5% plus or minus 1.5 percentage points.

Annual average inflation fell to 2.8% in April, the lowest rate in over a decade, from 2.9% in March.

Panelists participating in the LatinFocus Consensus Forecast see inflation closing 2018 at 3.7%, which is unchanged from last month’s forecast. For 2019, the panel expects inflation of 4.1%.

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