LatinNews Daily - 13 December 2021

In brief: Brazil’s annual 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 continues to grow in Brazil. The IPCA stood at 0.95% in November, a slowdown compared with the 1.25% rate recorded in October, but the highest figure for the month of November since 2015. In the 12 months to November, inflation grew to 10.74%, up from 10.67% in October. Monthly inflation in November was driven primarily by a 3.35% variation in the transport category, due to a 7.38% increase in the price of petrol. The housing sector (1.03% inflation) also contributed to overall inflation, due to the effects of rising electricity prices (1.24%). Meanwhile, prices in the health & personal hygiene and food sectors declined in November, a phenomenon that Pedro Kislanov, Ibge’s coordinator of the IPCA, attributes to the effects of ‘Black Friday’ discounts.

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