Inflation closed out 2013 at 5.91%

Criado em 13/01/14 11h16 e atualizado em 13/01/14 11h17
Por Isabela Vieira Fonte:Agência Brasil

Rio de Janeiro – The Broad Consumer Price Index (IPCA), the official national inflation gauge, closed out 2013 at 5.91%. The rate was above the target of 4.5% set by the government, according to a Friday (10) update by the Brazilian Geography and Statistics Institute (IBGE).

Official inflation in December was reported at 0.92% – well above November's 0.54%. It was the largest monthly IPCA measure since April 2003 (0.97%).

The inflation rate in 2013 was largely impacted by prices of food and beverages products and services, which saw an average increase of 8.48%. Food is a major cost driver, using up about 30% of household budgets.

Edited by Talita Cavalcante / Nira Foster
Translated by Mayra Borges

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