feb 072016

brazil-inflation-cpi@2x (1)


“Consumer prices in Brazil increased 10.71 percent year-on-year in January of 2016, accelerating for the fourth straight month and reaching a fresh 12-year high. Figures came slightly above market expectations mainly due to a rise in food prices. The country is struggling with stubbornly high inflation since mid-2014 after the government imposed several tax increases aiming at balancing overall budget while a weak real pushes import prices up. The real fell around 47 percent to the USD in 2015. Inflation Rate in Brazil averaged 377.27 percent from 1980 until 2016, reaching an all time high of 6821.31 percent in April of 1990 and a record low of 1.65 percent in December of 1998. Inflation Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE).”

Fuente: tradingeconomics