Brazil’s official inflation—as measured by the National Broad Consumer Price Index (IPCA)—was reported at 0.32% in February, thus higher than January’s 0.29% but lower than the 0.33% observed in February, 2017. This is the lowest IPCA for a month of February since 2000 (0.13%).
The data were released today (Mar. 9) by the Brazilian Institute of Geography and Statistics (IBGE).
Also according to official figures, the IPCA stands at 0.61% year-to-date, the lowest rate since the implementation of the Plano Real, the historic set of measures aimed at stabilizing the country’s currency in 1994. In the 12-month period, the accumulated rate is 2.84%, the lowest for the period since 1999 (2.24%).
Translated by Fabrício Ferreira