Brazil’s inflation hits 6.64 percent
December 9th, 2011 - 1:04 pm ICT by IANSRio De Janeiro, Dec 9 (IANS) Brazil’s 12-month inflation reached 6.64 percent in November, much higher than the 4.5-percent target, the country’s statistics agency IBGE announced Thursday.
Over the first 11 months of the year, inflation reached 5.97 percent, reported Xinhua.
Citing its price indicators, the agency said it hopes several tax cuts recently announced by the government could help bring inflation down in December.
Inflation in 2010 was 5.91 percent, the highest since 2004.
The Brazilian government says the economy would grow 3.2 percent in 2011, compared with 7.5 percent in 2010.
- Brazil to tackle economic crisis by more investment - Sep 03, 2011
- Lowered inflation may spur growth: Brazil - Apr 06, 2012
- Brazilian economy grew 2.7 percent in 2011 - Mar 07, 2012
- Brazil's jobless rate hits nine-year low - Dec 23, 2011
- Brazil's inflation rate may exceed 6.5 percent in 2011 - Dec 23, 2011
- Brazil predicts higher economic growth for 2012 - Dec 21, 2011
- Brazil expecting record grain harvest - Aug 10, 2012
- Brazil's unemployment rate reaches record low - Jan 27, 2012
- `Brazil's economic slowdown is temporary' - Dec 07, 2011
- Five cities hold 25 percent of Brazil's national wealth - Dec 15, 2011
- Brazilian agribusiness faces shrinking global demand - Aug 08, 2012
- Brazil's accumulated GDP slows - Jun 04, 2011
- Fitch reduces Brazil's GDP growth projection - Dec 13, 2011
- Over 11 mn Brazilians live in slums - Dec 22, 2011
- Bankers revise Brazil's growth outlook downward - Dec 27, 2011
Tags: brazil, brazilian government, economy, ibge, inflation, months of the year, price indicators, rio de janeiro, statistics agency, target, xinhua