Brazil’s official inflation at 0.21% in January

Brazil’s National Broad Consumer Price Index, or IPCA, which gauges the country’s official inflation, was reported at 0.21 percent in January this year. This is the lowest value for the month since 1994, when the economic stabilization and control plan dubbed Plano Real started.

The rate is below December’s 1.15 percent and 0.32 percent in January 2019. The IPCA has accumulated 4.19 percent in the 12-month period, below the 4.31 percent registered for the 12 months prior.

The figures were released today (Feb. 7) by the government’s statistics agency IBGE.