Brazil’s consumer prices jumped more than expected in the month though mid-November, fueling bets the central bank will resume interest rate increases next year.
Inflation, as measured by the IPCA-15 price index, quickened to 0.86 percent in the month through mid-November from the same period a month earlier, the fastest pace in 9 months, the national statistic agency said today. Economists forecast a 0.72 percent gain, according to the median estimate in a Bloomberg survey of 33 analysts.
