Brazil Prices Rise More Than Forecast After Split Rate Decision
- Prices rose 0.38% on month in April, 3.69% on the year
- Central bank has given no indication of plans for future cuts
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Brazil’s annual inflation cooled slightly less than expected as investors deliberate the central bank’s next move after policymakers slowed the pace of interest rate cuts on price pressure concerns.
Official data released Friday showed prices increased 3.69% in April from a year earlier, just above the 3.66% median estimate from analysts in a Bloomberg survey. Monthly inflation came in at 0.38%.