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Brazil’s inflation reaches 0.67% in April, driven by food prices

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Food prices drove official inflation in April, which stood at 0.67 percent. The result shows a slowdown compared to the previous month, when the Broad National Consumer Price Index (IPCA) stood at 0.88 percent.

Over the past 12 months, cumulative inflation stands at 4.39 percent, within the Brazilian government’s target of 3 percent, with a tolerance margin of 1.5 percentage points either way, allowing it to reach up to 4.5 percent. For the 12-month period ending in March, the rate stood at 4.14 percent. In April last year, inflation was 0.43 percent. The 12-month cumulative rate at that time stood at 5.53 percent.

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The data were released on Tuesday (May 12) by the Brazilian government’s statistics agency IBGE. The IPCA measures the cost of living for households with incomes between one and 40 minimum wages.

Food

Research analyst Fernando Gonçalves notes that the food and beverages group accounted for 43 percent of April’s inflation.

The cost of food at home rose 1.64 percent, while eating out increased 0.59 percent. Gonçalves explains that food prices rose due to product supply and transportation costs.

“In the case of milk, with the arrival of the drier weather typical of this time of year, pasture availability declines, requiring the use of feed for the animals, which drives up costs,” says Gonçalves.

He points out that much of the production is transported by truck. “The rise in diesel prices increases freight costs for food products and is passed on to the end consumer,” he states.

Alongside Brazil, Senegal seeks leading role in Global South

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More than simply exercising regional leadership, Senegal, a country of nearly 19 million people, seeks to expand its international influence in partnership with other regions of the world, especially the so-called Global South. Brazil also seeks to assert itself as a key player in this arena, according to international relations experts interviewed by Agência Brasil during the 10th Dakar International Forum on Peace and Security in Africa. The two-day meeting was held in late April in the Senegalese capital.

The meeting brought together heads of state and representatives from 38 countries - 18 of which are among Africa’s 54 nations - as well as members of ten international organizations, such as the United Nations (UN) and the European Union (EU). Brazil was represented by its ambassador to Senegal, Daniella Xavier.

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At the opening ceremony, Senegalese President Bassirou Diomaye Faye described Dakar as a hub for African and international strategic dialogue.

“A space for reflection and exchange on ways to develop internal solutions to the continent’s security challenges,” Faye said in his speech.

Mozambican diplomat Leonardo Santos Simão, head of the UN Office for West Africa and the Sahel, points out that Senegal has a history of promoting peace and stability and has never experienced a coup d’état.

He noted that Africa is facing “turbulent” times due to internal and regional conflicts, terrorism, and organized crime.

Global South

The UN representative emphasized that Senegal is part of the Global South, an international alliance championed by Brazil - a group of developing nations that share common social challenges.

Simão notes that the Global South serves as a forum for internal dialogue within the South to identify common challenges, as well as for dialogue between the Global South and the Global North (wealthy countries).

“This South is increasingly united,” he said. “Senegal is also part of this effort. It is on the same page as Brazil and other countries of the South in bringing the voice of the Global South to the table so that solutions can be found to the problems of poverty and exclusion,” he stated.

Leonardo Simão also points out that the sovereignty of African countries “is an ever-greater imperative.”

In his view, Northern countries must understand that “the relationships of the past are no longer acceptable; they need to be revised.”

Among the foreign delegations at the Dakar International Forum were representatives from European governments with a colonial past, such as Germany, Spain, Portugal, and France, which colonized Senegal until 1960.

Soft power

Mozambican professor Carlos Lucas Mamboza, a specialist in Strategic Studies, Security, and Defense, considers the forum to be a “clear instrument” of soft power.

In diplomatic jargon, soft power is the ability to influence international relations through attraction and persuasion, rather than coercion and the use of military force.

“It seeks to project the image of a stable state with institutional capacity and the ability to mediate conflicts in the Sahel region, as well as in Africa as a whole,” he explains from Maputo, the capital of Mozambique.

The theme of this year’s forum was “Africa Faces the Challenges of Stability, Integration, and Sovereignty: What Are the Sustainable Solutions?”

For Mamboza, who is also a professor of African Studies in International Relations at Fluminense Federal University (UFF), the choice of topic highlights a major dilemma that African states have been grappling with.

“It is the need to balance internal stability, regional integration processes, and the preservation of sovereignty in an international landscape marked by intense competition among the major powers, namely China, Russia, and the United States,” said Mamboza.

The professor points out that the meeting had a broader agenda, addressing issues such as climate change, pandemics, transnational crime, cybersecurity, and technology.

“This indicates an effort by the continent to take an autonomous stance in defining its own strategic priorities,” he noted.

South America

Carlos Lucas Mamboza notes that Senegal also maintains diplomatic ties with South America and Brazil. The country is a member of the Zone of Peace and Cooperation of the South Atlantic (ZOPACAS), an alliance of more than 20 countries - mostly African - dedicated to keeping the southern Atlantic free of war and geopolitical disputes.

Less than two weeks ago, Brazil assumed the group’s leadership at an event in Rio de Janeiro.

“Senegal emerges as an important link between West Africa and the strategic South Atlantic region, connecting directly with Brazil’s interests,” he added.

In the professor’s words, this is a form of South-South cooperation. When discussing the two countries’ shared interests, Mamboza cited the advocacy for reforms in global governance. One example is the UN Security Council, a longstanding demand of both Brazil and African nations.

Currently, only five countries have permanent seats on the council and veto power (Russia, the United States, China, the United Kingdom, and France), none of which are from South America or Africa.

The Council’s functions include imposing international sanctions and authorizing military intervention.

*The reporter traveled at the invitation of the Ministry of African Integration, Foreign Affairs, and Senegalese Abroad.

Brazil sets new oil production record in March

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Amid a scenario in which global oil supply faces challenges caused by the war in Iran, Brazil set a record for oil and gas production in March.

In the same month, coinciding with the beginning of the war triggered by US and Israeli attacks on Iran and Lebanon, Brazil produced 5.531 million barrels of oil equivalent per day (boe/d), surpassing the previous record of 5.304 million boe/d set in February.

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The pre-salt layer, where wells produce at depths of about 2,000 meters below the water’s surface, accounts for 79.9 percent of Brazilian production.

Boe is a unit of measurement that standardizes the volume of natural gas and oil by converting gas to the energy equivalent of a barrel of crude oil, allowing production figures to be aggregated.

The production data were released on Monday (4) by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the sector’s regulatory body linked to the Ministry of Mines and Energy.

Petrobras installs new platform in Búzios, Brazil’s largest field

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Petrobras announced that on the May 1 public holiday it began operations at the P-79 oil and gas production platform in the Búzios Field, in the Santos Basin, off Brazil’s Southeast coast.

The company noted it was able to bring forward the start of operations by three months.

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The facility has the capacity to produce 180,000 barrels of oil per day and compress 7.2 million cubic meters (m³) of gas daily. The platform is an FPSO (Floating Production, Storage and Offloading) vessel.

The P-79 is the eighth platform in operation in the Búzios Field. With this addition, production in the field will rise to approximately 1.33 million barrels of oil per day.

The operation is planned to export gas to the mainland via the Rota 3 gas pipeline. It will add up to 3 million cubic meters (m³) of gas per day to the country’s supply.

The platform was completed in South Korea and reached Brazil in February. It arrived with a Petrobras team on board to begin assembly and commissioning procedures, in order to accelerate the start of production.

The same process had already been carried out with the P-78, also located in the Búzios Field, which began operations in December 2025.

Búzios

P-79 forms part of the so-called Búzios 8, an oil production module that includes 14 wells, 8 of which are production wells and 6 are injection wells - used to maintain reservoir pressure and push the oil toward the production wells. In addition to the P-79, seven other platforms operate in the Búzios Field.

Discovered in 2010, the Búzios Field has the largest oil reserves in the country. Last year, it surpassed 1 million barrels of oil produced per day.

Búzios is located 180 kilometers off the coast of Rio de Janeiro, with the reservoir lying at a depth of 2,000 meters.

Petrobras plans to add four platforms to the field in the coming years. Three of them are already under construction (P-80, P-82, and P-83), and the fourth is in the bidding process.

Oil and gas production in Búzios is carried out by a consortium in which the Brazilian state-owned company is the operator. The other members are the Chinese companies CNOOC and CNODC, and Pré-Sal Petróleo S/A (PPSA), a federal state-owned company representing the Brazilian government.

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