Brazilian inflation has dipped below 10 percent for the first time since October, the Brazilian Census Bureau (IBGE) said Friday. March monthly inflation weighed in at 0.43 percent, down sharply from 0.9 percent in February. The 12-month inflation rate declined from 10.4 percent as of February to 9.4 percent as of March, the IBGE said. Declining housing and utilities costs helped reduce inflationary pressures in March. Inflation is likely to continue its decline in the coming months as food prices ease in the face of a large grain and oilseeds crop. Fuel and utilities costs are likely to remain stable, the IBGE said.
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