Brazil Mid-November Inflation Slower Than All Estimates
November 19, 2013 by Avila Capital Markets, Inc.
Brazil’s consumer prices rose less than economists forecast in the month through mid-November as the central bank carries out the world’s biggest interest-rate increase. Swap rates fell.
Consumer prices as measured by the IPCA-15 index rose 0.57 percent from Oct. 12 to Nov. 11, the national statistics agency said in a report published on its website today. That is slower than every estimate from 35 economists surveyed by Bloomberg, whose median forecast was for a 0.65 percent increase. Annual inflation of 5.78 percent was below analysts’ 5.87 percent estimate.
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