SAO PAULO, Jan. 11 (Xinhua) -- Brazil, Latin America's largest economy, saw 4.62 percent inflation in 2023, the lowest rate since 2020, the state-run Brazilian Institute of Geography and Statistics (IBGE) said Thursday.
The National Broad Consumer Price Index, the main inflation indicator, registered below the inflation target ceiling of 4.75 percent set by the Central Bank of Brazil at the beginning of last year. The target rate was 3.25 percent with a margin of tolerance of 1.5 percentage points.
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