Economics
Brazil’s Faster-Than-Forecast Inflation to Speed Up in April
- Prices rose 10.79% on year, 0.95% on month in mid-March
- Central bank sees 11% inflation in April, 12.75% Selic in May
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Brazil’s consumer prices shot past forecasts in mid-March and will further accelerate in April, driven by a spike in gasoline and food costs following Russia’s invasion of Ukraine.
Prices increased 10.79% from a year ago, above the 10.69% median estimate in a Bloomberg survey. Inflation through mid-month hit 0.95%, the national statistics agency reported on Friday.