Brazil’s national inflation rate at 4.3%; lowest in 3 years

Brazil says food prices held inflation at 4.3 percent in 2009, the lowest in three years and below the government’s target of 4.5 percent.

The government says the figure hasn’t been this low since 2006, when it was 3.1 percent.

The government’s statistics agency said Wednesday in a statement that inflation declined from 5.9 percent in 2008 because food prices rose at a much lower rate.

Brazil has Latin America’s largest economy. It was one of the last nations to slip into recession amid the crisis, and among the first to emerge.

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