Brazilian governor expects inflation drop

tombini

Alexandre Tombini, the governor of the Central Bank of Brazil, yesterday (January 10) said he expects inflation to fall throughout 2013.

Year-on-year consumer inflation in December rose to 5.84%, Tombini revealed, up from 5.53% in November. Inflation has steadily increased in Brazil since June – when it was 4.92% – but Tombini said it still represented a slowdown since 2011.

He attributed the spike in the second half of 2012 to price pressures stemming from shocks in agricultural commodities

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