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Brazil's monthly inflation rate likely accelerated to a one-year high in February, a Reuters poll found, from where it should begin to fall back again in coming months due to abundant supplies of farm products and softer economic conditions.
This could gradually make a fallback for the farmers and the entire populace that suffer the extended rate of inflation. There are exceptions too like the consumer prices because they remained the same in Brazil which started in 2023.
Official inflation data on Tuesday are forecast to show a faster monthly clip for February, rising to 0.78% - likely the highest since February 2023 - from 0.42% in January, according to the median estimate of 25 economists polled between March 6 - 11. They are expecting a rise of 0.78 percent on the back of seasonal hikes of everything in their country like tuition fees, fuel prices, and more that are related in the economy.
This could gradually make a fallback for the farmers and the entire populace that suffer the extended rate of inflation. There are exceptions too like the consumer prices because they remained the same in Brazil which started in 2023.
Official inflation data on Tuesday are forecast to show a faster monthly clip for February, rising to 0.78% - likely the highest since February 2023 - from 0.42% in January, according to the median estimate of 25 economists polled between March 6 - 11. They are expecting a rise of 0.78 percent on the back of seasonal hikes of everything in their country like tuition fees, fuel prices, and more that are related in the economy.