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LatinNews Daily - 11 November 2021

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In brief: Brazil’s inflation continues to rise

* Brazil’s national statistics institute (Ibge) has released the latest figures for the consumer price index (IPCA), which show that inflation grew 1.25% in October, the highest figure for the month since 2002. This brings inflation in the 12 months to October to 10.67%, above the 10.25% annual inflation rate recorded in September. Inflation in the transport category (2.62%), largely due to rising fuel prices, had the biggest impact on overall inflation in October, followed by rising prices in the food & drink category (1.17%).