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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The National Extended Consumer Price Index (IPCA), the country's official inflation, closed in 2017 with a cumulative high of 2.95 percent, a result of 3.34 percentage points lower than the 6.29 percent of 2016. This is the lowest since the rate of 1998 when it was 1.65 percent.

Also reported today, inflation as measured by the National Consumer Price Index (INPC), ended 2017 with a cumulative high of 2.07 percent, a result much lower than the 6.58 percent of 2016. It is the lowest . . .

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