Economics
Brazil’s Inflation Nears 11% Despite Aggressive Rate Hikes
- Transport, housing are top drivers of mid-Nov. price jump
- Higher inflation, borrowing costs dragging on pandemic rebound
A shopper faces rising food prices at Sao Paulo's municipal market
Photographer: Paulo Fridman/This article is for subscribers only.
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Brazil’s consumer prices rose past expectations in mid-November, adding to signs that inflationary pressures are now widespread despite the central bank’s aggressive interest rate hikes.