Brasil Taxa De Inflação

The annual inflation rate in Brazil rose to 4.87% in November of 2024 from 4.76% in the previous month, marginally ahead of market expectations of 4.85% to mark the highest inflation rate in 14 months. The result was in line with the central bank’s warning that increasing inflation expectations could raise prices for consumers this year, magnified by the increased government spending that drove household consumption to support the GDP in recent quarters. Prices rose at a faster pace for food and beverages (7.63% vs 6.65%), transportation (3.11% vs 2.48% in October), and personal spending (4.98% vs 4.11%). On the other hand, inflation softened for housing and utilities (4% vs 6.12%). On the other hand, inflation softened for housing and utilities (4% vs 6.12%). From the previous month, consumer prices rose by 0.39%.