Brazilian inflation hits eight-year high

Inflation soared to an eight-year high in November, as Brazil's currency continued to weaken ahead of the transition to a new government next month.

Consumer prices rose a hefty 3.02 percent in November, the government's IBGE statistics institute said Friday. It was the biggest one-month jump since a 1994 economic plan ended years of runaway inflation.

November's result pushed inflation for the first 11 months to 10.22 percent, which is above the 9 percent limit set with the International Mon

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