08 October 2011

BRASIL: Inflation Sneaks Back...Hits 6 Year High.

                                        M.PRESS

     Brasil's longtime nemesis...inflation... is coming back.
     Annual inflation there hit the highest rate in September...since May 2005.
    It grew by 7.31%...again exceeding the official target of 6.5%...for the 6th straight month.
    This could be a warning shot across the bow for the nation's politicos.
     Many voters remember those days of runaway consumer prices...and will punish politicians who allow them to return.