Inflation & Prices
Brazil’s Annual Inflation Hits Lowest Since 2021 Before Congress Starts Public Spending Debate
- Consumer prices rose 0.71% on month, 4.65% on year in March
- Congress to receive Lula’s fiscal-framework proposal this week
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Brazil’s annual inflation slowed more expected, reaching the lowest since January 2021 as congress prepares to debate President Luiz Inacio Lula da Silva’s new fiscal framework meant to shore up the nation’s finances.
Official data released Tuesday showed consumer prices rose 4.65% in March compared to the year prior, less than February’s reading of 5.6% and below the 4.71% median estimate from analysts surveyed by Bloomberg. Monthly inflation slowed to 0.71%.