Brazil April inflation matches forecasts at 4.39 percent
Brazil's annual inflation reached 4.39% in April, meeting market expectations. Rising food costs drove the increase while transportation prices remained stable.
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Brazil consumer prices rose 4.39% in the 12 months through April, matching economist forecasts as food costs climbed. The annual rate increased from 4.14% in March but remained within the central bank's target range. Investors are monitoring whether regional conflict risks will stall the current monetary easing cycle.
