Inflation & Prices
Brazil’s Annual Inflation Speeds Up Before Interest Rate Decision
- Prices rose 0.39% on month in November, 4.87% on the year
- Investors expect central bank to increase pace of rate hikes
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Brazil’s annual inflation sped up roughly in line with forecasts in November, firming bets that the central bank will increase its pace of interest rate hikes at this week’s decision.
Official data released Tuesday showed consumer prices rose 4.87% from a year earlier, just above the 4.85% median estimate in a Bloomberg survey of economists. On the month, prices increased 0.39%.