Brazil on Friday posted monthly inflation for October of 0.82% for a new 12-month rate of 9.93%, the country’s highest since 2003. Inflation for September had been 0.54% for a 12-month price rise of 9.49%, the Brazilian Census Bureau (IBGE) said. October inflation was led by fuels, following a series of price hikes by state-owned Petrobras. Although Brazil is committed to 2015 inflation of 4.5%, economists say it will be impossible to meet that goal. Indeed, most economists believe such a goal is only attainable by 2017.
Link to IBGE release.More Testimonials