RIO DE JANEIRO, BRAZIL – The National Broad Consumer Price Index (IPCA), Brazil’s main inflation index, closed in April with a change of 1.06%, according to IBGE.
This is the highest deviation for an April month since 1996, shortly after the implementation of the Real Plan. The month’s highs were driven primarily by food and fuel.
The cumulative change in IPCA over the past 12 months was 12.13%.
The monthly inflation rate moderated slightly in April compared to the previous month, after increasing at the beginning of the year: