Brazil: Inflation stabilizes in November
December 7, 2012
In November, consumer prices increased 0.60% over the previous month, which was virtually unchanged from the 0.59% rise recorded in October but was above market expectations of a 0.50% price increase. The result mainly reflected higher prices for food and beverages as well as for transport.
Despite the monthly price rise, annual headline inflation remained unchanged at 5.5% in November, thereby remaining within the Central Bank's target of 4.5% with a tolerance margin of plus/minus 2.0 percentage points. The Central Bank expects inflation to inch down to 5.2% by the end of 2012 and to moderate to 4.8% by the end of 2013, according to its Inflation Report from September.