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Published on Wednesday, May 8, 2013

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Brazil Flash: In spite of an upward surprise in April, inflation is (temporarily) back to within the target range

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Summary

Inflation dropped from 6.59% YoY in March to 6.49% YoY in April and, therefore, came back to within the target range (2.5% - 6.5%), to a large extent due to favorable base effects

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