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The risks for inertial inflation in Brazil

by 198 Mexico News
January 13, 2022
in BUSINESS NEWS FROM AROUND THE WORLD
Reading Time: 1 min read
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Jan 13, 2022 14:13 5 min read (Updated: Jan 13, 2022 14:14)

Consumer prices rose faster in Brazil last year than at any point since 2015, when the country faced the peak of what was, at the time, its worst recession on record. The official inflation rate sat at 0.73 percent in December and 10.06 percent for the full year. Inflation was not only above expectations, but widespread, with three in four products surveyed becoming more expensive over the course of 2021.

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