Brazilian inflation climbs into double digits and reaches a level not seen for 12 years. In November, the consumer price index of Brazil reached 10,48%, reaching the highest level recorded since November 2003, when the result stood at 11,02%. Compared to the past, however, there is a further problem.
In fact, the Brazilian central bank has set a ceiling for inflation of 6,5%. According to data released today by the National Institute of Geography and Statistics (IBGE), in November prices increased by 1,01. 0,82%, further accelerating from October, when they recorded +XNUMX%. In just two months, inflation has therefore risen by almost two percentage points.
