Inflation & Prices
Brazil’s Inflation Slowdown Disappoints in April as Lula Eyes Interest Rate Cuts
- Consumer prices rose 0.61% on month, 4.18% on year in April
- Lower annual inflation still likely to encourage Lula
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Brazil’s inflation eased less than expected last month while still hitting the lowest level in two and a half years as President Luiz Inacio Lula da Silva clamors for the central bank to slash interest rates
Consumer prices rose 4.18% in April from a year earlier, the national statistics agency said Friday, above the 4.12% median estimate of analysts surveyed by Bloomberg. From March, inflation stood at 0.61%.