Clipping of news on Brazilian Culture, Law and Citizenship
01/10/2013
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IPCA ended the year within the target set by the Central Bank; indicator accelerated in December, is the highest score in one month since March 2011
Inflation is above expectations of analysts
The National Index of Consumer Price Index (IPCA) ended 2012 with accumulated high of 5.84%, after advancing 0.79% in December, said the Brazilian Institute of Geography and Statistics (IBGE) said Thursday. With the result, the government has fulfilled the inflation target last year, set at 4.5%, with a margin of two percentage points more or less, between 2.5% and 6.5%. In 2011, inflation was on the ceiling of tolerance, 6.5%.
The December figure, which is the highest since March 2011 (0.79%), indicating acceleration compared to November, when it was reported up 0.6%. The median of forecasts from analysts indicated high of 0.74% last month, with estimates ranging between 0.65% and 0.79%. For the 12-month accumulated, the expectation was high of 5.79% according to forecasts which ranged from 5.7% to 5.84%.
Source: VEJA ONLINE
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This article was translated by an automatic translation system, and was therefore not reviewed by people.