Brazil Registers Lowest March Inflation in 24 Years

Positive data may help Brazilian market and currency, both of which took a dive on Monday due to political uncertainties related to October's Presidential Elections.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s Consumer Price Index (IPCA), which measures official inflation in the country, registered a 0.09 percent in March, according to the Brazilian Institute of Geography and Statistics (IBGE). This is the lowest inflation rate for the month of March since the implementation of the Real Plan in 1994.

According to IBGE Coordination of Consumer Price Indexes manager, Fernando Gonçalves the IPCA accumulates inflation of 0.70 percent for the year and of 2.68 percent in 12 months.

“Since July of last year we have been registering . . .

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