This is Brazil by the Numbers, a weekly digest of the most interesting figures tucked inside the latest news about Brazil. A selection of numbers that help explain what is going on in Brazil. This week: the lowest monthly inflation for January since 1994, suspected cases of coronavirus, carnival profits, the extradition of a convicted killer, books being censored and the unhappiness of Brazilians.
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Brazil’s official inflation rate in January was 0.21 percent, the lowest for the month since the Brazilian Real was adopted as the national currency in 1994. The numbers show that the bump in inflation rates in December—caused by soaring meat prices—was only temporary. Well-behaved prices allowed the Central Bank to cut Brazil’s benchmark interest rate to an all-time low 4.25 percent. However, as explained in our February 6 Daily Briefing (premium subscription required), there will be no further cuts in the short term.
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