Brazil’s Mid-Month Inflation Doubles on Food Prices
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Brazil’s inflation rate through mid-October doubled from the previous month, led by a 1.7 percent jump in food prices.
Consumer prices as measured by the benchmark IPCA-15 index rose 0.62 percent, the fastest pace since May, the government’s statistics agency said today. The figure was higher than market expectations for prices to rise 0.55 percent, according to the median forecast of 42 analysts in a Bloomberg survey. The IPCA-15 rose 5.03 percent from a year ago.