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Economy / Brazil

Inflation An Increasing Concern

May 2011 | Data Release

Consumer price inflation in Brazil continues to tick up month after month, hitting 6.3% year-on-year (y-o-y) in March, putting it very close to breaching the central bank's 4.5% +/-2.0% target range. In our view, elevated global oil prices are having a relatively muted impact on Brazilian inflation due to the government's restrictions on fuel price hikes by dominant state-oil company

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