Arab Today, arab today brazil inflation hits record high in 2015
Last Updated : GMT 11:22:02
Arab Today, arab today
Arab Today, arab today

Brazil inflation hits record high in 2015

Arab Today, arab today

Arab Today, arab today Brazil inflation hits record high in 2015

Brazil inflation
Rio de Janeiro - AFP

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 a 1.01 increase in November.

In 2014, annual inflation stood at 6.41 percent.

Last year's inflation figure, while high, was still slightly below market expectations of 10.72 percent and the central bank's last forecast of 10.8 percent.

For this year, the central bank is expecting 9.2 percent inflation in the first quarter, with a gradual decrease during the year to reach  6.2 percent in December.

It estimates 4.8 percent inflation for year's end in 2017.

Latin America's biggest economy is going through a turbulent economic period with deep recession, rising unemployment and a dramatic drop in investor confidence fueled by an impeachment drive against President Dilma Rousseff.

The dramatic slowdown began last year, causing the government to revise its 2016 budget targets  five times. It is now expected to post a $31 billion deficit.

The IMF expects that Brazil will stay in recession in 2016. If confirmed, this would be the first time since 1930-31 that Brazil is in recession two years in a row.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil inflation hits record high in 2015 Arab Today, arab today brazil inflation hits record high in 2015

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil inflation hits record high in 2015 Arab Today, arab today brazil inflation hits record high in 2015

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday