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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.

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

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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.

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

Six killed, including baby, in armed attack near tourist beach in Ecuador

Six people, including a baby girl about two years old, were killed on Sunday in an armed attack near a tourist beach in southwestern Ecuador, police said. The shooting, carried out with rifles, also left three people wounded.

The incident took place in the coastal town of Puerto López, in the province of Manabí, a popular tourist destination known for whale watching. The attack occurred amid a surge of violence over the weekend that left at least nine people dead nationwide, according to local media reports.

“There are six fatalities and three injured,” Colonel William Acurio, the local police commander, told reporters on Sunday. He confirmed that one of the victims was a baby “approximately two years old.”

Authorities have not released further details about the motive behind the attack or whether arrests have been made.

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International

Man accused of killing nine in Paramaribo dies by suicide in police custody

The man who killed nine people, including five children, on Saturday night in Paramaribo died by suicide while in custody, Suriname police confirmed in a statement on Monday.

The suspect, identified by the initials D.A., 43, “hanged himself inside a holding cell at the Keizerstraat police station” in the capital, Paramaribo, according to the official report.

Police said the man sustained leg injuries during his arrest and was taken to a hospital before being transferred to the detention facility on Sunday night. Authorities did not provide further details on the circumstances surrounding his death.

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International

Winter storm disrupts holiday travel, forcing 1,500 flight cancellations in the U.S.

Airlines canceled around 1,500 flights across the United States during the peak Christmas travel season after warnings of a severe winter storm and forecasts of heavy snowfall in the Midwest and Northeast. An additional 5,900 flights were delayed due to adverse weather conditions.

More than 40 million Americans were under snowstorm warnings or weather advisories one day after Christmas. Meanwhile, another 30 million people faced flood or storm alerts in California, where an atmospheric river triggered intense rainfall.

New York City was bracing for up to 25 centimeters (10 inches) of snow overnight, which would mark its heaviest snowfall in four years. Cold weather was expected to persist through the weekend in the nation’s largest city. According to flight-tracking website FlightAware, airports in the New York area recorded about 850 flight cancellations.

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