Brazil 12-Month Inflation Slows to 2.86% In Mid-February
By Paulo Trevisani
BRASILIA--Brazil's annual inflation slowed in mid-February as price increases in education and transportation were offset by a drop in housing and other costs, the country's statistics agency said Friday.
The IPCA-15 consumer-price index rose 2.86% in the 12 months through the middle of this month, from 3.02% in the year ended in mid-January.
The index rose 0.38% in February from a month earlier, after a monthly rise of 0.39% in mid-January.
Education costs rose 4.01% as Brazil's school year began earlier this month. An increase of 1.78% in gasoline prices pushed transportation prices up by 1.11%, the statistics agency, known as IBGE, said.
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(END) Dow Jones Newswires
February 23, 2018 07:32 ET (12:32 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.