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10/01/2018 - 15:12hs

Official inflation the lowest since 1998

Brazil’s Extended National Consumer Price Index ended 2017 up 2.95%, down from 6.29% in 2016.

Rio de Janeiro – Brazil’s Extended National Consumer Price Index (IPCA), the official measure of inflation in Brazil, ended 2017 up 2.95%, and down 3.34 percentage points from 6.29% in 2016. This was the lowest number since 1.65% in 1998.

The information was released this Wednesday (10) by the Brazilian Institute of Geography and Statistics (IBGE). In December, the IPCA was 0.44%, up 0.16 percentage point from 0.28% in November, in the highest month-on-month spike of 2017. December 2016 had seen the IPCA hit 0.3%.

*Translated by Gabriel Pomerancblum

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