Brazil: consumer prices edge up October 2013

Posted on November 9, 2013 • Filed under: Brazil, Business, Economy reported that consumer prices in Brazil edged up last month but remained stable at 5.8% over 12 months, the Brazilian Institute of Geography and Statistics (IBGE) reported Thursday. It put October inflation at 0.57%, up from 0.35% the previous month. On an annualized basis, the 5.84% rate in October, which compared with 5.86% in September, was within the 6.5% upper limit of the official target. The October hike was fueled by higher prices of clothes (1.13%) and food (1.03%). Read Article

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