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Brazil April inflation hits 26-year high

AFP

Brazil’s inflation rate hit a 26-year high for the month of April, the government said Wednesday, as spiraling prices continued to defy the central bank’s push to rein them in.

The national statistics institute, IBGE, said inflation in the 12 months through April rose to 12.13 percent, the highest since 2003 and well above the central bank’s target of 3.5 percent.

The rate for April came in at 1.06 percent, the highest for the month since 1996, IBGE said.

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That was worse than the forecast of one percent by analysts polled by business daily Valor.

Food prices were the main inflation driver in April, rising more than two percent.

Fuel prices remained an underlying factor, up more than 33 percent in the past year.

“The strength of price pressures is likely to keep policymakers at the central bank concerned,” William Jackson, chief emerging markets economist at consulting firm Capital Economics, said in a note.

Brazil’s central bank has been on one of the most aggressive monetary tightening cycles in the world, rapidly hiking the key interest rate from two percent in March 2021 to 12.75 percent currently.

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But inflation has so far remained stubbornly high, hurting Brazilians’ wallets — and President Jair Bolsonaro’s popularity as he gears up to seek reelection in October, trailing leftist ex-president Luiz Inacio Lula da Silva (2003-2010) in the polls.

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International

President Boric announces curfew following triple police homicide in Chile

Chile offers residency and Chilean nationality to Nicaraguan opponents

Chilean President Gabriel Boric has implemented a nighttime curfew in three municipalities of the Biobío region following the murder of three police officers. The Chilean leader emphasized that “criminals will answer to Chile and its justice system.”

In a post on X, formerly known as Twitter, Boric stated that he made the decision “after discussing with the General Director of the Carabineros, the Chiefs of Staff of the Armed Forces, the Head of National Defense, and the Chief of the Joint Chiefs of Staff, having also considered various alternatives and taking into account the needs of the ongoing investigation.”

He further detailed that “I have instructed to decree a curfew in the municipalities of Cañete, Contulmo, and Tirúa from midnight to 7:00 AM. Additionally, police and military presence will be intensified to our utmost capacity with joint patrols in the area.”

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International

President López Obrador meets with Astros and Rockies ahead of Mexico City Series

Last Friday, before the 2024 Mexico City Series between the Astros and Rockies at Alfredo Harp Helú Stadium in Mexico City, President Andrés Manuel López Obrador met with representatives from both teams.

Through his social media, the President shared his interaction with executives from the Houston and Colorado teams, as well as with Astros’ Mexican pitcher, José Urquidy.

“Yesterday (Friday), before starting the tour, I had breakfast with executives and friends from the Houston Astros and the Colorado Rockies. There’s increasingly more baseball fever in our country,” López Obrador wrote.

The photos also featured former Mexican major leaguers Vinicio “Vinny” Castilla and Jorge de la Rosa, both of whom played for the Colorado team.

On Saturday night, the Houston Astros won the first game in the “capital inferno,” home of the Mexico City Red Devils, with a commanding score of 12 to 4.

This Sunday, the second game of the series will take place at AHH, with both teams arriving in Mexico on a losing streak. Another great Major League celebration is anticipated at the “fire diamond.”

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International

Social media star Om Fahad fatally shot in Baghdad

An Iraqi TikToker, previously sentenced to prison last year for posting content deemed “indecent” on social media, was fatally shot in Baghdad on Friday, according to two security officials.

Om Fahad, who had tens of thousands of followers on TikTok and Instagram, gained fame for her videos featuring her in tight outfits dancing to Iraqi music, in a country that is predominantly conservative and patriarchal.

The young woman was shot by an assailant on a motorcycle while she was in her vehicle outside her home in central Baghdad, two security officials reported anonymously to AFP.

In February 2023, a court initially sentenced Om Fahad to six months in jail for “publishing various videos with indecent intentions that violate modesty and public morals.”

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