BRASILIA, March 12 (Reuters) – Consumer prices in Brazil rose at a slightly faster pace than expected in February due to a rise in private education fees and food and beverage prices, statistics agency IBGE said on Tuesday.
On a monthly basis, inflation rose by 0.43 percent in February, IBGE said, more than the expected 0.39 percent and up from 0.32 percent a month earlier.
Annual consumer price inflation rose by 3.89 percent, slightly higher than the median forecast of 3.85 percent in a poll of economists and up from 3.78 percent in January.
The biggest increase was in education costs and tuition fees, which rose by 3.53 percent on the month, IBGE said. Food and beverages also contributed to inflation, going up