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