RIO DE JANEIRO, BRAZIL - Consumer prices in Latin America´s third largest economy surged 4% over the previous month in January, matching the jump logged in December and marking the joint-fastest increase in over one year.
In January, the sharpest increases in prices were recorded for communication, restaurants and hotels and for food and beverages.
Inflation increased to 38.5% in January from December’s 36.1%, marking the fastest point in five months. Annual average inflation fell to 41.5% in January (December: 42.7%).
FocusEconomics panelists project inflation to end 2021 at 48.0%, which is up . . .