Brazil's monthly inflation probably sped up in December on higher costs of farm products and airfares, but the annual rate should have remained close to the central bank's upper target, a Reuters poll showed. Overall, consumer prices in Latin America's No.1 economy behaved better in 2023 than previously thought, thanks to outstanding agricultural conditions, strict monetary policy, and some fiscal restraint efforts from the government. Brazil's IPCA inflation index is forecast to have increased 0.48% in December, compared to a 0.28% rise in November, according to the median estimate of 23 economists polled Jan. 3-9.
Brazil s inflation seen higher in December, but annual rate on target
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Brazil s inflation seen higher in December, but annual rate on target: Reuters poll By Reuters
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