Brazil's producer inflation rises 0.35% in March
Annual producer prices down 0.65%, according to official figures
By Ovunc Kutlu
ISTANBUL (AA) — Brazil's producer price index (PPI) rose 0.35% in March on a monthly basis, according to official data released on Tuesday.
PPI in February showed an increase of 0.14% month-on-month.
A total of 17 sectors out of 24 saw gains in prices during the month of March, the Brazilian Institute of Geography and Statistics (IBGE) said in a report.
The largest monthly gains were in clothing with 2.65%, followed by chemical products with 2.06%.
On an annual basis, producer prices were down 0.65% in March, compared to the same month of last year.
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