Official inflation closes out 2015 at 10.67%
Brazil's official inflation as gauged by the National Broad Consumer Price Index (IPCA) closed out the last month of 2015 at 0.96%, 0.05 percentage points below the rate for November (1,01%). The figures were released Friday (Jan. 8) by the Brazilian Institute of Geography and Statistics (IBGE).
The monthly result added to a cumulative year-end inflation of 10.67% in 2015, more than 4 percentage points above the inflation target ceiling set by the Central Bank (6.5%). The annual inflation in 2015 was the highest since 2002's 12.53%.
Even with the slight decrease in December from November, inflation in the last month of 2015 was the highest for the month since December 2002 (2.1%). In December 2014, the rate was 0.78%. And the year 2014 ended with 6.41% inflation, a figure slightly below the target ceiling (also 6.5%) and back then the highest since 2011.
The IPCA measures the price changes that impacts households with incomes between 1 and 40 times the minimum wage measured in 11 major metropolitan areas (Belém, Fortaleza, Recife, Salvador, Belo Horizonte, Rio de Janeiro, São Paulo, Curitiba, Vitória, Porto Alegre, and Brasília) and the municipalities of Goiânia and Campo Grande.
Translated by Mayra Borges
Fonte: Official inflation closes out 2015 at 10.67%
