Brazil Inflation Rate Edges Up to 10.67%


Consumer prices in Brazil rose 10.67 percent year-on-year in December of 2015, up from 10.48 percent in the previous month and the highest since November of 2003. Markets were expecting a slightly higher rate of 10.77 percent. The country is struggling with stubbornly high inflation since mid-2014 after the government imposed several tax increases aiming at balancing overall budget while the real fell around 47 percent to the USD in 2015.

Year-on-year, the biggest upward impact came from prices of food and beverages (up 12 percent), followed by housing (up 18.31 percent) and transport (up 10.16 percent). A year earlier, the inflation rate was much lower at 6.41 percent. 

The monthly index rose 0.96 percent, following a 1.01 percent ride in November. The biggest upward impact came from food and beverages (up 1.5 percent). 

Brazil Inflation Rate Edges Up to 10.67%


Joana Taborda | joana.taborda@tradingeconomics.com
1/8/2016 11:28:41 AM