Financial News: Brazil Inflation Slows To 3.93%, Lowest In 9

Brazil Inflation Slows To 3.93%, Lowest In 9 Months

04/10/2024 - 08:44:00 (RTTNews)

(RTTNews) - Brazil's consumer price inflation eased for the sixth straight month in March to the lowest level in nine months, figures from the Brazilian Institute of Geography and Statistics, or IBGE, showed on Wednesday.

The consumer price index climbed 3.93 percent year-over-year in March, slower than the 4.50 percent rise in February. Economists had expected inflation to moderate to 4.01 percent.

The latest inflation rate was the weakest since June 2023, when prices had risen 3.16 percent.

Moreover, inflation remained within the central bank's upper tolerance band of 4.50 percent.

Transportation charges grew at a slower pace of 3.7 percent annually in March versus a 6.2 percent surge a month ago. Meanwhile, prices for food and drinks were 3.1 percent higher compared to last year, versus 2.62 percent in February.

On a monthly basis, consumer prices moved up 0.16 percent in March, following a 0.83 percent rise in the previous month. The expected increase was 0.25 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Greece Manufacturing Growth Remains Strong (52 min(s), 24 sec(s) ago)
(RTTNews) - Greece's manufacturing activity signalled a further strong upturn in April amid a ...Full Story»

UK House Prices Unexpectedly Fall (02 hr(s), 31 min(s), 24 sec(s) ago)
(RTTNews) - UK house prices declined unexpectedly in April, reflecting affordability pressures ami ...Full Story»

Dutch Retail Sales Growth Hits 7-Month High (02 hr(s), 41 min(s), 24 sec(s) ago)
(RTTNews) - The Netherlands' retail sales grew at the fastest pace in seven months in March, l ...Full Story»

Irish Manufacturing Activity Contracts Most In 9 Months (03 hr(s), 06 min(s), 24 sec(s) ago)
(RTTNews) - Ireland's manufacturing downturn deepened in April amid a sustained reduction in o ...Full Story»

Dutch Manufacturing Sector Expands For First Time In 20 Months (03 hr(s), 56 min(s), 24 sec(s) ago)
(RTTNews) - Dutch manufacturing activity expanded for the first time in 20 months in April on impr ...Full Story»

South Korea April Trade Surplus $1.53 Billion (58 min(s), 36 sec(s) ago)
(RTTNews) - South Korea posted a merchandise trade surplus of $1.53 billion in April, the Customs ...Full Story»

Japan Manufacturing PMI Climbs To 49.6 In April - Jibun (53 min(s), 36 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract in April, albeit at a slower p ...Full Story»

Australia Manufacturing PMI Improves To 49.6 In April - Judo (47 min(s), 36 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to contract in April, albeit at a slow ...Full Story»