Brazil’s official inflation at 0.25% in February

The National Broad Consumer Price Index (IPCA), which gauges Brazil’s official inflation, stood at 0.25 percent in February. The figure was released today (Mar. 11) by the government’s statistics agency IBGE and is the lowest for the month since 2000.

For the first two months of 2020, the IPCA shows an increase of 0.46 percent. For the last 12 months, in turn, the rate is 4.01 percent.

Education accounts for pulling the IPCA up in February, with a change of 3.70 percent, followed by health and personal care, with 0.73 percent, and food and drinks, with 0.11 percent.

The sharpest reduction in prices was seen in clothing, with -0.73 percent, followed by housing, -0,39 percent.

The IPCA surveys families with an income of one to 40 minimum wages in ten metropolitan regions across the country.