Clipping of news on Brazilian Culture, Law and Citizenship
02/07/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
This is the highest rate for the month of January since 2003.
In December, IPCA was 0.79%, closing 2012 with a variation of 5.84%.
The Consumer Price Index (IPCA), considered the official inflation rate of the country, to be used as the basis for the government's targets, accelerated to 0.86% in January, up from 0.79% in December last year, according said on Thursday (7) the Brazilian Institute of Geography and Statistics (IBGE). In January 2012, the rate was 0.56%.
This is the largest monthly IPCA since April 2005, when the index rose 0.87%, and the highest for the month of January since 2003 - when the high was 2.25%, according to the institute. In the 12 months to January, the IPCA advanced 6.15% last month, showing high versus the 5.84% December.
Thus, the indicator approaches increasingly the government's target ceiling for this year of 6.50%, which can endanger the maintenance of the Selic at the current record low of 7.25% for several months.
Source: G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.