Brazil March CPI Up 0.88%, Annual 4.14%

Brazil's consumer price index rose 0.88% in March, beating Bloomberg median forecast of 0.77%.
Annual inflation accelerated to 4.14%, driven by higher fuel costs amid the Iran‑related Middle East conflict.
Central Bank cut the Selic rate for the first time since 2024, but rates stay in double‑digit territory.
President Lula introduced tax cuts and fuel subsidies to shield consumers ahead of upcoming elections.