Brazil's February inflation hits 22-year high

RIO DE JANEIRO, March 12 (Xinhua) -- Brazil's inflation in February was the highest for that month since 2003, reaching 1.31 percent, surpassing January's 0.16 percent and the 0.83 percent recorded in February last year, the state-run Brazilian Institute of Geography and Statistics (IBGE) said Wednesday.

Accumulated inflation in Brazil reached 1.47 percent in the first two months of the year and 5.06 percent in the past 12 months ending February, marking the first time since September the rate has gone above 5 percent.