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Brazil's January inflation rate hit a 31-year low of 0.16%, driven by lower electricity costs.
Brazil's inflation rate for January 2025 fell to 0.16%, the lowest since 1994, driven by a 14.21% drop in electricity costs due to a government subsidy.
Annual inflation slowed to 4.56%, above the central bank's target of 3% but below economists' forecasts.
Despite overall declines, food and transportation prices still increased, while housing costs fell.
The central bank may continue raising interest rates to manage inflation.
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La tasa de inflación de Brasil en enero alcanzó un nivel mínimo de 31 años del 0,16%, impulsado por menores costos de electricidad.