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Brazil’s Inflation Ends 2021 Above 10%, Testing Central Bank

  • Consumer prices rose 10.06% on year, 0.73% on month in Dec.
  • Central bank has lifted key rate 725 basis points since March
A customer shops for meat at a grocery store in Rio de Janeiro on Dec. 17, 2021. 

A customer shops for meat at a grocery store in Rio de Janeiro on Dec. 17, 2021. 

Photographer: Dado Galdieri/Bloomberg
Updated on

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Brazil’s consumer prices rose more than expected last year, dogging the central bank and its efforts to bring inflation back to target.