Brazil inflation grows more than expected in February

Consumer price inflation in Brazil advanced more than economists initially forecast in February, the data released by the IBGE statistical office showed on Friday. Year-on-year the consumer price index gained from January's level of 6.15% to 6.31% recorded the following month, compared to an estimate of 6.2%, while on a monthly basis the index increased 0.6% in February after a 0.86% rise a month before.