Economics
Brazil’s Inflation Likely Peaked After Hitting 18-Year High
- Prices rose 0.95% on month, 10.74% on year in November
- Central bank has increased rates by 725 basis points this year
Shoppers check out at a supermarket in Brazil
Photographer: Marcos IssaThis article is for subscribers only.
Brazil’s consumer prices rose less than expected in November, a sign that inflation may now start to cool down after reaching its fastest pace in 18 years.
Prices increased 10.74% from a year ago, the most since 2003 but below the 10.9% median forecast in a Bloomberg survey. On the month, they rose 0.95%, also less than an estimated 1.09% jump, the national statistics agency reported on Friday.