The February’s result as measured by the Brazilian Institute of Geography and Statistics points to an increase of 2.4 percentage points over the same month in 2015.

Alexandre Tombini, president of the Brazilian Central Bank (BC), spoke in the Senate that the BC will not shy away from measures to keep the inflation rate at the target’s center, which is 4.5%, next year.

Analysts from the financial market revised their forecast for the fall of the Gross Domestic Product this year and it went from 3.54% to 3.60%, according to survey released by the Brazilian Central Bank.