Brazil annual inflation tops 5% for the first time in over four years

Coming less than a week before the Central Bank’s next policy decision, the figures are likely to cause the first increase in Brazil's benchmark interest rate since 2015.

RIO DE JANEIRO, BRAZIL - Annual inflation in Brazil rose above 5% in February for the first time in more than four years, official figures showed on Thursday, March 11th, above analysts’ expectations and driven largely by as a strong rise in transportation costs.

Coming less than a week before the Central Bank’s next policy decision, the figures are likely to cement the consensus view that the first increase in Brazilian interest rates since 2015 is . . .

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