07 January 2012

BRASIL: Cuidadoso! Inflation Hits 7 Year High...6.5%.

                                           WSJ

    Dreaded inflation...is sneaking back!
    In 2011...Brasil suffered 6.5% inflation...the highest since 2004...well above the c.bank's target rate of 4.5%.
    But the c.bank called it a 'victory'...because it was within 2% of the target.
    The chief culprit appears to be food prices.
    They rose by 7.18% in 2011...but lower than 2010's 10.39% increase.