Brazil official inflation 0.07% in March

Brazil’s official inflation—as measured by the country’s National Broad Consumer Price Index, IPCA—stood at 0.07 percent in March this year, thw lowerst result for a March since the beginning of the Real Plan, in 1994. The rate was also below the 0.25 percent seen in February this year.

According to figures released today by the government’s statistics agency IBGE, the IPCA sees an accumulated increase of 0.53 percent in the year and 3.3 percent in the 12-month period.

In March, the sharpest rise was seen in foods and drinks (1.13%), but spikes were also seen in education (0.59%), clothing (0.21%), health and personal care (0.23%), housing (0.13%), and communication (0.04%).

On the other hand, transport saw a 0.9 percent deflation and helped curb the inflation. Household articles (-1.08%) and personal expenses (-0.23%) also underwent deflation.