LatAm Daily | In Brazil, inflation eased more than expected and unemployment increased

Summary

Brazilian IPCA-15 reached 0.43% MoM (from mid-February to mid-March); lower than expected and lower than in previous readings (1.42% MoM at the beginning of February and 0.90% MoM in the full month of February). We expect annual inflation (9.95% YoY) to go down until it reaches the target (2.5%-6.5%). Moreover, the unemployment rate increased and real wages declined.

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