In April, Brazil saw its consumer price inflation decline for the sixth consecutive month, reaching its lowest point in ten months according to data published by the Brazilian Institute of Geography and Statistics (IBGE).
Year-over-year inflation for the consumer price index in April stood at 3.69 percent - slower than the 3.93 percent recorded in March and lower than the predicted decline to 3.66 percent. This is the weakest recording of inflation since June 2023, when the rate was at 3.16 percent.
Despite this slowdown, inflation remains within the maximum tolerance limit of 4.50 percent set by the central bank.
There has been a decrease in the growth rate of transportation charges, from a 3.70 percent increase in March to a slower pace of 3.27 percent in April. This occurred despite a rise in fuel expenses. Conversely, the prices for food and beverage items have been rising consistently at a rate of 3.1 percent.
On a month-to-month basis, consumer prices in April rose by 0.38 percent, in comparison to the 0.16 percent increase seen in March. This exceeded the forecasted growth of 0.35 percent.
