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Brazil Inflation November 2020

Brazil: Inflation hits near one-year high in November

Consumer prices increased a seasonally-adjusted 0.89% in November over the previous month, which was up from October’s 0.86% rise and marking the sharpest increase in prices since December 2019. Looking at the details of the release, housing prices rose at a quicker pace in November compared to the previous month, while prices pressures for food and beverages also picked up pace.

Inflation increased to 4.3% in November, above October’s 3.9%. November’s result marked the highest inflation rate since December 2019. Meanwhile, annual average inflation edged up to 3.2% in November (October: 3.1%).

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