Brazil’s benchmark inflation index IPCA rose by 0.61 percent in April, according to official data — below the 0.71 percent March rate but above the median forecast of 0.54 percent measured by Investing.
In 12 months, prices have risen 4.18 percent. Once again, this is lower than the 4.65 percent recorded in March, but higher than the 4.1 percent markets had expected.
As flagged by mid-month inflation reading IPCA-15, price rises continue to slow down in Brazil. However, the nine segments and 16 regions monitored did record increases in prices.
The most significant jumps were in categories that have a significant impact on consumers, such as health services — due to the recent increase in health insurance premiums and drug prices...
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