Breaking news Brazil's Consumer Inflation Slows Annually In April Lastminute news

Consumer price index, however, gains pace on monthly basis.

Brazil's consumer inflation slowed down annually in April, according to figures released Friday.

Consumer inflation annually increased 3.69% in April, slowing its pace from a 3.93% year-on-year gain recorded in March, the Brazilian Institute of Geography and Statistics (IBGE) said in a statement.

The figure, however, came in slightly higher than the market estimates of 3.66%.

On a monthly basis, however, the consumer price index rose 0.38% in April, gaining pace from a 0.16% increase in March.

That figure also came in slightly higher than the market expectations of a 0.35% month-on-month gain.

Prices in two of the nine groups of products and services increased in April, IBGE said in a statement.

The largest monthly increase was recorded in health and personal care with a gain of 1.16%, followed by food and beverages at 0.7% and clothing at 0.55%. -
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