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Brazil inflation rate hits 12-year high

Brazil inflation rate hits 12-year high

Publicerat av Cecilia Helland måndag, 10 augusti 2015.

Inflation in Brazil has hit a 12-year high of 9.56%, official figures have shown.

The rising cost of electricity, in particular, has pushed the rate to its highest level since November 2003.

The country's central bank targets an inflation rate of 4.5% and has raised interest rates to 14.25% - among the highest of major economies - to combat rising prices.

Read more at - www.bbc.com/news/business-33826934

Publicerat av

Cecilia Helland

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