Brasilia, Feb 10 (SocialNews.XYZ) Brazil, Latin America's leading economy, recorded 0.53 per cent inflation in January, the Brazilian Institute of Geography and Statistics reported.
The first month of the year showed a slowdown in inflation compared to last December's 0.62 per cent, as was measured by the Consumer Price Index (CPI), the main gauge for measuring inflation, reports Xinhua news agency.
The greatest pressure on prices during January was food and beverages, with a 0.59 per cent increase, the institute said in its report.
Pedro Kislanov, manager of the CPI survey, said that the rise in food prices, including increases in the prices of potatoes and carrots, was linked to precipitation in the production regions.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz