Brazil Inflation Ends 2023 Above Forecasts But Within Target
- Consumer prices rose 4.62% on the year, 0.56% in December
- Policymakers signaled a 50-point cut by the end of the month
A mall in Rio de Janeiro, Brazil.
Photographer: Lucas Landau/BloombergThis article is for subscribers only.
Brazil’s annual inflation eased less than expected though remained within the central bank’s tolerance range last year, underscoring the challenges ahead to easing monetary policy.
Official data released Thursday showed consumer prices rose 4.62% in December from a year earlier, above the 4.55% median estimate in a Bloomberg survey. Monthly inflation accelerated to 0.56%.