Brazil's inflation is set to climb further in February: Societe Generale

Quotes from Societe Generale Cross Asset Research:

-After hitting 7.14% in January due to the rise in the administered prices of electricity and energy (and the continued rise in food prices), Brazil's inflation is set to climb further in February primarily on account of the seasonal rise in the education component while major components like transport, food and housing will also add to inflation (in that order). The IPCA-15 series should rise by 1.25% mom in February taking yearly inflation to 7.28% yoy.