Inflation measured by the Extended Consumer Price Index or IPCA slowed to 0.25% in March, after hitting 0.33% in February, according to the Brazilian Institute of Geography and Statistics (IBGE).
Last year, the IPCA increased by 0.43%. It is the lowest rate of inflation for the month since 2012 when it rose by 0.21%.
In the first three months of 2017, IPCA has increased by 0.96%, the lowest result for the quarter since 1994. In the 12-month measure that ended in March, there was an increase of 4.57%, this is close to the Brazilian Central Bank’s target of 4.5% per year.