India, March 12 -- Brazil's consumer price inflation accelerated in February to the highest level in nearly one-and-a-half years, figures from the Brazilian Institute of Geography and Statistics, or IBGE, showed on Wednesday.
The consumer price index climbed 5.06 percent year-over-year in February, faster than the 4.56 percent rise in January. Economists had expected inflation to rise to 5.0 percent.
The latest inflation rate was the highest since September 2023, when prices had risen 5.19 percent.
Moreover, the inflation rate continued to remain within the central bank's upper tolerance band of 4.5 percent.
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