Brazil Inflation up 0.89% in November, Highest for Month in Five Years

In addition to the price of basic food basket items such as rice, meat again increases; fuels are also more expensive.

RIO DE JANEIRO, BRAZIL - The scenario remains much the same, with the pressure of food prices concerning consumers when going shopping, and inflation continues to rise.

According to data released by the Brazilian Institute of Geography and Statistics (IBGE) on Tuesday, December 8th, the National Broad Consumer Price Index (IPCA) in November stood at 0.89%, posting a slight increase over October (0.86%) and the highest result for the month in five years. In addition to food, both inside and outside the home, the hike in fuel prices also pressured the indicator.

Inflation has accumulated a 3.13% hike . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?