Brazil January Inflation Slower Than All Economist Estimates

Brazil’s consumer prices rose less in January than economists estimated, reinforcing bets the central bank will slow the pace of interest rate increases in the world’s second-biggest emerging market. Swap rates fell.

Inflation as measured by the benchmark IPCA index decelerated to 0.55 percent from 0.92 percent in December, the national statistics agency said today in Rio de Janeiro. That was less than every forecast from 48 analysts surveyed by Bloomberg, whose median estimate was 0.61 percent. Annual inflation slowed to 5.59 percent, the lowest rate since November