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Financial News: BRAZIL: Annual Inflation Rises Less Than Expected In

BRAZIL: Annual Inflation Rises Less Than Expected In April, To 2.76%

05/10/2018 - 15:30:00 (RTTNews)

(RTTNews) - The consumer price index in Brazil rose 2.76% in April from a year before, gaining strength from the previous month, when the index increased 2.68% according to the country's statistics office (IBGE).

On a monthly comparison, the Brazilian consumer price index increased 0.22% in April. In March, the index grew 0.09%. So far in 2018, the inflation rate in Brazil is up 0.92%.

Analysts expected an annual inflation of 2.82% in April, and a monthly price increase of 0.28%, according to a Agencia CMA survey.

The annual inflation target in Brazil ranges from 3% to 6%.

The next monetary policy decision at the Brazilian central bank is scheduled for May 16.

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