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.

2 months ago
9 Articles

Further Reading