Brazil’s inflation likely eases to 4.7 percent in mid-March

Brazil’s inflation rate probably approached the center of the official target in mid-March as food prices continued to ease and a long recession curbed the increase of services prices, according to a Reuters poll of economists on Monday.

Consumer prices probably rose by 4.73 percent in the 12 months through mid-March, slowing from an increase of 5.02 percent in mid-February, according to the median of 25 forecasts that ranged from 4.68 to 4.82 percent. BRIPCY=ECI

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