| Consensus | Actual | Previous | |
| Month over Month | 0.29% | 0.44% | 0.84% |
| Year over Year | 3.73% | 3.90% | 4.1% |
Highlights
Inflation heated up in the mid-month March report to show an increase of 0.44 percent on the month and 3.90 percent on year compared with the expected 0.39 percent increase on month and 3.73 percent on year. In the 12 months through February, consumer prices rose ?3.81 percent.
Rising energy prices from the Iran war have complicated the picture for Brazilian monetary policy-makers. Markets are likely to scale back expectations for rate cuts given the spike in inflation.
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