Brazil annual inflation likely fell below 5 percent in February

Brazil’s annual inflation rate probably fell in February to its lowest level since 2010, easing below 5 percent to approach the government target, a Reuters poll showed on Wednesday.

The survey’s median forecast was for consumer prices to have risen 4.88 percent in the 12 months through February, slowing from a 5.35 percent increase in January.

Brazil targets annual inflation at 4.5 percent, less than half of what it was running at until a year ago.

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