Brazil inflation hits record 10.67%
Brazil economy
Rio de Janeiro - Arab Today
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Annual inflation in Brazil hit a 12-year high last year at 10.67 percent, the government said Friday, the latest sign of economic troubles in the world's seventh largest economy. The figure -- the highest since 2002 -- was more than double the government's 4.5 percent inflation target. State statistics agency IBGE said consumer prices rose 0.96 percent month-on-month in December, after an 1.01 increase in November. |
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