Brazil’s inflation soars to a three-year high: can rate hikes control it?

In early February, Brazil’s IPCA-15 consumer price index saw its largest monthly increase in nearly three years. In mid-February, the official statistics agency IBGE reported a 1.23% growth, far higher than the 0.11% gain in January. Reuters said the yearly IPC-Fipe rate increased to 4.96%, the highest level since late 2023. This acceleration indicates headwinds […]