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Brazil inflation 0.29% in January

  • 08/02/2018 15h09publicação
  • Rio de Janeirolocalização
Vitor Abdala reports from Agência Brasil

The National Broad Consumer Price Index (IPCA), which gauges Brazil's official inflation, stood at 0.29% in January this year. In the 12-month period, the accumulated inflation adds up to 2.86%.

The main factor behind the reduction was a 4.73% drop in electric energy costs.

In December 2017, the rate had been reported at 0.44%; in January 2017, 0.38%.

The figures were released today (Feb 8) by the Rio-based Brazilian Institute of Geography and Statistics (IBGE).

Translated by Fabrício Ferreira

Edited by: Kleber Sampaio / Nira Foster