Brazil Inflation Surges Past Forecasts on Iran War Oil Shock

Brazil’s inflation accelerated much more than expected in March as the Iran war’s energy shock ripples through Latin America’s largest economy.

Official data released Friday showed consumer prices rose 0.88% from the previous month, above all 40 estimates in a Bloomberg survey of economists that had a median estimate of 0.77%. Inflation gained 4.14% from a year earlier.