Brazil

Inflation closed out 2013 at 5.91%

The rate was above the target of 4.5% set by the government.

Brasil Agency
13/01/2014 13:35
Inflation closed out 2013 at 5.91% Imagem: Deposit Photos Visualizações: 951 (0) (0) (0) (0)

 

The Broad Consumer Price Index (IPCA), the official national inflation gauge, closed out 2013 at 5.91%. The rate was above the target of 4.5% set by the government, according to a Friday (10) update by the Brazilian Geography and Statistics Institute (IBGE).
Official inflation in December was reported at 0.92% – well above November's 0.54%. It was the largest monthly IPCA measure since April 2003 (0.97%).
The inflation rate in 2013 was largely impacted by prices of food and beverages products and services, which saw an average increase of 8.48%. Food is a major cost driver, using up about 30% of household budgets.

The Broad Consumer Price Index (IPCA), the official national inflation gauge, closed out 2013 at 5.91%. The rate was above the target of 4.5% set by the government, according to a Friday (10) update by the Brazilian Geography and Statistics Institute (IBGE).


Official inflation in December was reported at 0.92% – well above November's 0.54%. It was the largest monthly IPCA measure since April 2003 (0.97%).


The inflation rate in 2013 was largely impacted by prices of food and beverages products and services, which saw an average increase of 8.48%. Food is a major cost driver, using up about 30% of household budgets.

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