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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.

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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.

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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.

Economy

Official inflation closes out 2019 at 4.31%

Brazil’s official inflation—as measures by the National Broad Consumer Price Index (IPCA)—closed out 2019 at 4.31 percent. The rate is above the 3.75 percent reported for 2018, the government’s statistics agency IBGE declared.

Economy

Brazil’s benchmark interest down to 4.5% a year

For the fourth consecutive time, the Brazilian Central Bank lowered the economy’s benchmark interest rate. Its committee unanimously decided to reduce the Selic rate to 4.5 percent a year, a 0.5 percentage point cut. The move had been expected by analysts.