Brazilian inflation may be stabilising – official data
Mid-November inflation reading was unchanged from October as rate of food price increases slows
Inflation in Brazil is starting to stabilise, according to the latest official data released on November 25.
The mid-November year-on-year inflation reading was 10.7%, the official statistical agency announced. This is the same level recorded in the full-month data for October.
In a bid to bring inflation closer to its 3.75% inflation target, the Central Bank of Brazil has increased interest rates this year by 575 basis points from 2% to 7.75%. It has also signalled it intends to increase them
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