Brazil recorded inflation of 0.71 percent in March, lower than 0.84 percent in February, and less than half of the 1.62 percent in March 2022, the Institute of Geography and Statistics reported.
So far, the South American country has accumulated 2.09 percent inflation for the year, while in the last 12 months through March, it reached 4.65 percent, the lowest in the same comparison since January 2021 (4.56 percent), reports Xinhua news agency.
Of the nine groups of products and services analyzed in March, eight recorded price hikes, while household items showed a 0.27 percent decrease.
Meanwhile, the financial market expects inflation to reach 5.98 percent in 2023, above the target limit set by the Central Bank of Brazil, which is 3.25 percent with a margin of tolerance of 1.5 percentage points.
