Brazil's annual inflation accelerated to 4.39% in April, primarily driven by increased prices for food and pharmaceuticals. The national consumer price index saw a monthly increase of 0.67%, which is a slower pace than the previous month.

<p> <img alt="The Central Bank of Brazil, which closely tracks the indicator, cut the Selic benchmark rate by half a percentage point at each of its two latest meetings, bringing it to 14.50% annually" height="80" src="https://en.mercopress.com/data/cache/noticias/110100/100x80/r.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> Year-on-year inflation in Brazil accelerated to 4.39% in April, up from 4.14% in March, pressured mainly by ris...