Brazil annual inflation seen approaching target in March

Brazil’s annual inflation rate is likely to hit a 6-1/2 year low and approach the government target, helped by easing food costs and moderating increases in the price of imports as the Brazilian currency strengthens, a Reuters poll showed on Wednesday.

Consumer prices were seen rising 4.57 percent in the 12 months through March, down from 4.76 percent in the previous month, according to the median of 22 estimates that ranged between 4.52 and 4.63 percent. BRCPIY=ECI

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