Arab Today, arab today brazil inflation in 2011 highest since 2004
Last Updated : GMT 16:54:26
Arab Today, arab today
Arab Today, arab today

Brazil inflation in 2011 highest since 2004

Arab Today, arab today

Arab Today, arab today Brazil inflation in 2011 highest since 2004

Brasilia - AFP

Consumer prices in Brazil rose 6.5 percent in 2011, reaching the upper limit of the government target but the highest hike since 2004, the state statistics agency said on Friday. The 2011 increase compared with the 7.6 percent surge recorded in 2004 and 5.9 percent in 2010. The government had set an annual inflation target of 4.5 percent, with a ceiling of 6.5 percent. Prices were up 0.5 percent in December, following a half percent hike in November, the Brazilian Geography and Statistics Institute (IBGE) said. The announcement coincided with a downward revision of GDP growth in Latin America\'s leading economy as a result of the eurozone debt crisis. The government said the economy would expand around 3.0 percent this year, sharply lower than the 7.5 percent recorded in 2010 amid expectations of a gradual drop in inflation due to the global economic slowdown. The Central Bank said inflation this year should dip to 4.5 percent in line with the official target. It welcomed the fact that the inflation target \"was met in 2011 for the eighth consecutive year.\" \"Inflation is heading downward and closed 2011 at 6.5 percent, after reaching 7.3 percent in the third quarter,\" it said, adding that \"other indicators bolster the perception of a significant cooling-off of inflationary pressure.\" \"We hope that this downward movement toward the center of the (government) target will continue, so that (inflation) ends 2012 below 5.0 percent,\" said acting finance minister Nelson Barbosa. \"Food prices have already begun decelerating, with a fall in relation to 2010, and this deceleration should continue. And services prices, with the stable jobless rate, should remain stable,\" he told reporters. Prices which rose the most last year were those of transport, up 3.6 percent due to higher prices for various household budget items such as air fares and ethanol. The increase in food and beverage prices however dropped from 10.4 percent in 2010 to 7.2 percent last year.  

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 in 2011 highest since 2004 Arab Today, arab today brazil inflation in 2011 highest since 2004

 



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 in 2011 highest since 2004 Arab Today, arab today brazil inflation in 2011 highest since 2004

 



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: نفط وبتروكيماويات
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