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Brazil's February InflationMarch 2012 The Brazilian statistics office announced that the national consumer price index, IPCA, was 0.45%, below the January 2012 0.56% rate. The accumulated index in the year was 1.01%, lower than 1.64% in the same period of 2011. Brazil Warns of Trade WarJanuary 2011 The Brazilian finance minister warned on January 9 of manipulation in the currency war which may lead to a trade war. In an interview to the Financial Times the minister blamed China, the U.S. and other countries who devaluate their currencies to boost their exports which become more competitive. Brazil intends to raise the issue at the World Trade Organization and the G20 group. |
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