UPDATE 2-Brazil inflation slows in January, but 4.5% annual rate remains punchy
BRASILIA, Feb 9 (Reuters) – Monthly inflation in Brazilslowed in January as a sharp fall in electricity prices draggeddown housing costs, official figures showed on Tuesday, but theannual rate of inflation remained high and significantly abovethe central bank’s year-end goal.
It was the third month in a row the benchmark annual IPCAconsumer inflation rate has been above 4%, having more thandoubled from the record low below 2% last May.
By Jamie McGeever via Yahoo Finance