https://www.alamy.com/the-brazilian-ministry-of-finance-ministerio-da-fazenda-on-esplanada-image66533605.html
BC president says he is surprised by the rise in inflation March IPCA was the highest rate for the month since the implementation of the real The president of the Central Bank, Roberto Campos Neto, classified the core inflation as "very high". He expressed himself as “surprised” with the 1.62% acceleration presented in March for the National Consumer Price Index (IPCA). The statements were made at an event broadcast over the internet. According to the Brazilian Institute of Geography and Statistics (IBGE), the IPCA for March was the highest rate for a month of March since the implementation of the Plano Real in 1994. Among the reasons for the result, Campos Neto cited indices related to “industrial processes”, which, according to him, did not fall as expected. According to Campos neto, the service sector reacted “more or less” as expected, referring to the sector's repressed inflation. SURPRISES “Inflation cores are quite high, and short-term surprises have a part