Inflation Hits Seven Year High in Brazil

By Anna Fitzpatrick, Contributing Reporter

SÃO PAULO, BRAZIL – Historically, the thorn in the side of Brazil’s economy has always been inflation and last week the rolling twelve month inflation rate was reported as 7.23 percent by the Central Bank. This is the first time that inflation figures have not been inside the government target rate of 4.5 percent, give or take two points in either direction, since the rate was adopted in 2006.

The figure in itself is not completely surprising - earlier in the year it was admitted that it would be a difficult task to . . .

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