“Brazil Inflation Ends 2023 Above Forecasts But Within Target”
January 17, 2024
“Official data released Thursday showed consumer prices rose 4.62% in December from a year earlier, above the 4.55% median estimate in a Bloomberg survey. Monthly inflation accelerated to 0.56%.
The central bank targets inflation at 3% this year and 3.25% in 2023, with a tolerance range of plus or minus 1.5 percentage points. When price increases exceed those goals, the head of the bank is required by law to write a public letter explaining why it missed the target…”
https://finance.yahoo.com/news/brazil-annual-inflation-slows-within-120504379.html