{"id":46854,"date":"2026-04-10T17:08:05","date_gmt":"2026-04-10T17:08:05","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=46854"},"modified":"2026-04-10T17:08:05","modified_gmt":"2026-04-10T17:08:05","slug":"brazil-inflation-rises-as-fuel-costs-surge-amid-iran-war-channels-television","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=46854","title":{"rendered":"Brazil Inflation Rises As Fuel Costs Surge Amid Iran War \u2022 Channels Television"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><strong>Inflation in Brazil edged higher to 4.14 percent year-on-year in March, official data showed Friday, driven by higher fuel costs amid a global energy shock prompted by the war in the Middle East.<\/strong><\/p>\n<p>The main driver of higher inflation was the price of gasoline, which rose 4.59 percent in March, driving up transport costs, according to the IBGE statistics agency.<\/p>\n<p>Diesel essential for freight transport rose 13.9 percent. Brazil imports nearly 30 percent of the diesel it consumes.<\/p>\n<p>The cost of food, which is driven upward by higher transport costs, rose 1.56 percent.<\/p>\n<p>\u201cIn certain sub-categories \u2014 particularly fuels \u2014 the impact of uncertainties in the international landscape is already being felt,\u201d IBGE manager Fernando Goncalves said in a statement.<\/p>\n<p>Iran has blocked traffic through the Strait of Hormuz \u2014 a waterway used to carry a fifth of the world\u2019s oil and gas deliveries \u2014 since the United States and Israel began bombing the country in February.<\/p>\n<p><strong>READ ALSO:\u00a0<\/strong><a href=\"https:\/\/www.channelstv.com\/2026\/04\/10\/stocks-rally-on-optimism-over-iran-war-ceasefire-oil-extends-gains\/\" target=\"_blank\" rel=\"noopener\">Stocks Rally On Optimism Over Iran War Ceasefire, Oil Extends Gains<\/a><\/p>\n<p>According to the Capital Economics consultancy, the rise in Brazil\u2019s inflation \u201cwas driven almost entirely by the energy shock\u201d worldwide.<\/p>\n<p>In March, Brazil\u2019s Central Bank lowered its benchmark interest rate for the first time in nearly two years, to 14.75 percent from 15 percent.<\/p>\n<p>Capital Economics said that if global energy prices fall as hoped due to a two-week US-Iran ceasefire, this easing cycle may continue.<\/p>\n<p>This week President Luiz Inacio Lula da Silva signed a package of measures aimed at curbing the rise in fuel prices, including subsidies for diesel.<\/p>\n<p>At gas stations, diesel prices have climbed by nearly 24 percent since the outbreak of the conflict in late February, according to the National Petroleum Agency.<\/p>\n<p>Lula\u2019s package also provides aid to the aviation sector, where rising fuel costs are expected to trigger a sharp rise in air fares.<\/p>\n<p>The 80-year-old veteran leftist is running for a fourth term in office in October elections.<\/p>\n<p>Polls show he faces stiff competition from his main rival, senator Flavio Bolsonaro \u2014 son of far-right former president Jair Bolsonaro, who is in jail for an attempted coup attempt.<\/p>\n<p><em><strong>AFP<\/strong><\/em><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.channelstv.com\/2026\/04\/10\/brazil-inflation-rises-as-fuel-costs-surge-amid-iran-war\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 Inflation in Brazil edged higher to 4.14 percent year-on-year in March, official data showed Friday, driven by higher fuel costs amid a global energy&hellip;<\/p>\n","protected":false},"author":1,"featured_media":46855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[46],"tags":[],"class_list":["post-46854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/46854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46854"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/46854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/46855"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}