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Weekly Report - 17 April 2025 (WR-25-15)
BRAZIL: Food inflation rears its head again
Inflation figures for March published by Brazil’s national statistics institute (Ibge) showed a monthly inflation rate of 0.56%, down from 1.31% in February. However, it is uncertain if this overall slowdown in monthly inflation will bring much relief to the government of President Luiz Inácio Lula da Silva, whose approval ratings have suffered in recent months amid cost-of-living concerns, especially due to rising food prices. The monthly inflation rate for food and drinks had been decelerating for the preceding three months, but in March it rose to 1.17%, up from 0.70% in February.
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