Brazil: Inflation unchanged in November
December 5, 2014
Consumer prices in November increased 0.51% over the previous month. The print was above the 0.42% increase recorded in October, but undershot market expectations of a 0.54% rise. The result was driven by an increase in prices for food and beverages, as well as for transportation.
Annual headline inflation remained unchanged at October’s 6.6% in November. Consequently, inflation still remains just above the Central Bank’s tolerance margin of plus/minus 2.0 percentage points around its target of 4.5%.