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Economy

Brazil’s official inflation at 0.21% in January

Brazil’s National Broad Consumer Price Index, or IPCA, which gauges the country’s official inflation, was reported at 0.21 percent in January this year.

 Edifício-Sede do Banco Central do Brasil em Brasília
Economy

Central Bank cuts Brazil’s benchmark interest to 4.25% a year

Brazil’s Central Bank for the fifth consecutive time has lowered the economy’s benchmark interest rate, known as Selic, to 4.25 percent a year, down 0.25 percentage points. The rate serves as a reference for other interest rates in the economy.

Carteira de trabalho
Economy

Brazil’s unemployment rate closes out 2019 at 11.9%

The average unemployment rate in Brazil fell to 11.9 percent in 2019, below 2018’s 12.3 percent. The figures com from the Continuous PNAD (National Household Sample Survey), published today (Jan. 31) by the country’s government statistics agency IBGE.

Indústrias
Economy

Industry confidence hits new record since March 2018

The Industry Confidence Index, gauged by the Getulio Vargas Foundation (FGV), saw a 1.5 point increase from December 2019 to January this year. The figure brings the indicator to 100.9 points, the highest since March 2018 (101.4 points).

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Economy

Financial market cuts this year’s estimated inflation rate to 3.47%

The financial institutions surveyed by Brazil’s Central Bank (BC) reduced the estimated inflation for this year. The projection for the National Broad Consumer Price Index—the IPCA, which gauges the country’s official inflation—went from 3.56 percent to 3.47 percent.