Brazil’s IPCA-15 index registered a 1.23% increase in mid-February, up from 0.11% the previous month, but below the expected 1.33%.
Brazil’s consumer price index, known as IPCA-15, increased by 1.23% in the month leading up to mid-February, as reported by the government statistics agency IBGE on Tuesday. This rise is notable when compared to the modest gain of 0.11% recorded the previous month. The market had anticipated a slightly higher increase of 1.33%, based on the median estimates from a Reuters survey.
In summary, Brazil’s IPCA-15 index showed a significant increase in mid-February, up 1.23% from the previous month. This rise, although substantial, fell short of market expectations, highlighting ongoing fluctuations in consumer pricing.
Original Source: www.tradingview.com
