The official rate surpassed 4.5% for the sixth time in a row, thus breaching the new method adopted by the National Monetary Council early this year to gauge the adequacy of price changes.

Brazil's monthly inflation slowed for the fourth time in a row in June, but the annual rate ticked up and remained well above the official goal, data showed on Thursday, prompting the central bank to release a letter to justify missing the target.

In Brazil, annual inflation accelerated in September to 4.42%, in line with market expectations but above the 4.24% reported in the previous month, ...

Brazil’s 12-month IPCA headline inflation measure has declined, most recently to 3.94% in May. Photo: miguel schincariol/Agence France-Presse/Getty Images

Brazil's monthly inflation is expected to have slowed for the fourth time in a row in June due in part to lower gasoline prices, a Reuters poll showed.

SAO PAULO (Reuters) - Consumer prices came in slightly above expectations in July, pushed up by higher gasoline and air ticket costs, adding to monetary policy uncertainties after the central bank ...

Brazil's central bank expressed confidence in its capacity for keeping inflation close to the official target until the end of 2027.

Brazil's central bank on Thursday said it was confident in its strategy to hold interest rates steady even as its updated projections showed it would not meet its 3% inflation target through 2027.