RIO DE JANEIRO, BRAZIL - Producer prices in Brazil rose in February at their fastest rate since comparable records began seven years ago, figures showed on Tuesday, March 30, intensifying “stagflation” pressures in an economy struggling with rising interest rates, a weak currency, and a rampant COVID-19 pandemic.
The monthly and annual rates of factory-gate inflation in Latin America’s largest economy jumped to 5.2% and 28.6%, respectively, both the highest since statistics agency Ibex’s data series began in January 2014.
Prices rose in each of the four main categories surveyed and 23 of the 24 . . .