LatinNews Daily - 14 March 2022

In brief: Inflation accelerates in Brazil

* Brazil’s national statistics institute (Ibge) has released the latest figures for inflation, which show that the consumer price index (IPCA) increased 1.01% in February, following on from 0.54% inflation in January. This is the highest inflation figure for the month of February in Brazil since 2015. Inflation in the 12 months to February stands at 10.54%. A 5.61% increase in prices in the education category, with the start of the academic year, and 1.28% inflation in the food & drink category underpinned February inflation, although all categories saw an increase in prices. February inflation was barely impacted by the war between Russia and Ukraine, the effects of which are expected to further pressure inflation in coming months, notably due to rising fuel prices and uncertainty surrounding the agricultural sector.

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