09 Jan 2012
Brazilian inflation rose 6.5% in 2011
Data is within the annual inflation target
Consumer prices in the 2011 rose by 6.5%.
Inflation has, over a prolonged period, remained above the target of 4.5% + / - 2% points per annum. Therefore, it must be regarded as a minor victory for the Banco Central do Brasil (BCB) that the 2011 target has just been met in the last month of the year. The inflation rate rose 0,5 % in December over November.
Read more about the development of the inflation rate over the past months in the latest quarterly report 2011 Q4.
At the past three interest rate meetings BCB has lowered
interest rates to
11% p.a., and
the real interest
rate is immediately 4.22% p.a.
Inflation is heading downward and is expected to be reduced to 5.31% p.a. in 2012 according to consensus. Source: BCB