For 2023 and 2024, the inflation goals were kept at 2.25 and three percent respectively, with the same tolarance margin.
The result brings the rate up to 4.78 percent year to date. In 12 months, the inflation rose 11.73 percent, below the 12.13 percent reported a month earlier.
The IPCA should end 2023 at 3.6 percent (the March forecast was an increase of 3.25 percent); and the INPC at 3.7 percent (3.5 percent was the estimate in March).
The Ministry of Economy has reported that the impact caused by the tax waiver could reach BRL 700 million ($ 136 million dollars) by the end of this year.
The main impact on March comes from transport, up 3.02 percent this month, pulled up by fuel price hikes. Gasoline had the greatest impact on the IPCA in March (6.95%).
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