The central bank targets inflation at 4.5 percent for each calendar year with a tolerance margin of 2 percentage points.
Year-on-year, prices in Rio de Janeiro recorded the highest increase (+ 7.37 percent), followed by Goiânia (6.82 percent) and Recife (6.82 percent). In São Paulo, the inflation was recorded at 6.43 percent.
On a monthly basis, consumer prices accelerated to 0.51 percent from 0.42 percent in October of 2014. Food items increased the most (+ 0.77 percent,) mostly due to rises in cost of potatoes (+ 38.71 percent), carrots (+12.24 percent), acai berry (+3.66 percent) and meat (+3.46 percent). Additional upward pressures came from housing costs (+0.69 percent), transports (+0.43 percent) and clothing (+0.39 percent).
Among regions, Goiânia posted the largest monthly increase (+ 1.21 percent), followed by Belém (+0.81 percent) and Campo Grande (+0.68 percent). In São Paulo, inflation was recorded at 0.55 percent while in Rio de Janeiro the rate was at 0.58 percent.