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Brazil Inflation Increases as Electricity Bills Up: Daily

By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The price in goods such as gas and electricity will follow an unpredictable path according to the latest inflation report published by the Brazilian Central Bank. The report states that consumers should expect a 7.5 percent increase in electricity rates this year, as they also recognized that gasoline prices so far this year have risen by 0.6 percent up to February.

Brazil’s Central Bank increased its 2014 inflation forecast to 6.1 percent from its previous estimate of 5.6 percent, which could damage President Dilma Rousseff's . . .

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