Brazil's full-year inflation for ’18 mild at 3.75pc

12th January, 2019 09:44:55 printer

RIO DE JANEIRO: Brazil's 2018 inflation rate averaged a mild 3.75 percent, lower than the official target of 4.5 percent and within the tolerance range of 3 to 6 percent, statistical authorities said Friday.

However, it is higher than the 2017 inflation rate of 2.95 percent, which was the lowest since 1999, said the Brazilian Institute of Geography and Statistics, reports Xinhua.

The increase in price levels in 2018 was led primarily by household services, transportation and food, the institute said.

Inflation was at 0.15 percent in December, the lowest for the month since 1994.

The institute said the inflation could have been lower last year, had it not been affected by the truckers' strike at the end of May.