Brazil reached the highest annual inflation in the last ten years
If we take into account the February inflation rate of 1.22%, Brazil has accumulated over the last twelve months 7.7%, exceeding the fiscal target set by the government of Rousseff and has reached the worst figures in the last ten years.
Gasoline rose 8.42% last month, ethanol 7.19% and diesel 5.32%, these increases have helped to push overall inflation. Public transport and education have also risen last month. In the regular courses, the monthly rise has accounted to an average of 7%.
Looking in to March, the approved last Monday increase of the electrical rates will also lead to increasing inflation rates at the end of the month.