Brazil Feb monthly inflation forecast at one-year high- Reuters poll

Brazil's monthly inflation rate likely accelerated to a one-year high in February, a Reuters poll found, from where it should begin to fall back again in coming months due to abundant supplies of farm products and softer economic conditions. Except for some seasonal effects, consumer prices in Brazil have remained tame since the start of 2023, thanks to a tight policy stance by the central bank that is causing the economy to cool, despite a raft of modest rate cuts. "We expect a rise of 0.78% on the back of a seasonal hike of tuition fees, while fuel prices were impacted by the increase of the ICMS (state tax)," said Mauricio Nakahodo, senior economist at MUFG.