Brazilian inflation fell to the second lowest level in more than two decades, according to a mid-month measure of consumer prices released on Friday, a figure likely to give the central bank extra cover to reduce interest rates again next month. The annual rate of Brazil’s IPCA-15 consumer price inflation in the month to mid-November fell to 2.67% from 2.72% the month before, marking the lowest rate since September last year and the second lowest since March 1999. Both the annual and monthly rates of consumer price increases in mid-November were slightly below the median forecasts in a …read more
Source:: Yahoo Finance
