Inflation & Prices
Brazil Inflation Slowdown Falls Short Ahead of Key Rate Hike
- Prices gained 4.5% on year in early January; est. 4.36%
- Central bank set to deliver second straight 100bps rate hike
Power lines in the South Zone of Rio de Janeiro.
Photographer: Pedro Prado/BloombergThis article is for subscribers only.
Brazil’s annual inflation slowed less than expected in early January despite a drop in energy costs, highlighting the challenges facing policymakers as they prepare to raise the interest rate again next week.
Official data released Friday showed consumer prices rose 4.5% from a year earlier, above the 4.36% median forecast in a Bloomberg survey of economists. On the month, they increased 0.11%.