Brazil January inflation spike triggers concern for the government and investors

Monday, February 11th 2013 - 00:56 UTC

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Brazilian inflation in January climbed to 0.86%, the highest for the month in the last ten years, according to the country’s stats office, IBGE. Inflation in December was 0.79%, ending the twelve months of last year at 5.82% which was in the target range with a ceiling of 6.5%. Read full article

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ChrisR
Inflation in December was 0.79%, ending the twelve months of last year at 5.82% which was in the target range with a ceiling of 6.5%.

Tombini insisted that the January spike would break the government’s 6.5% target for 2013.

Our expectations are that it will continue pressing on prices during the first half of the year, finishing at 6% for the accumulated twelve months”,

Inflation in December was 0.79%, ending the twelve months of last year at 5.82% which was in the target range with a ceiling of 6.5%.(for 2012)

“Our expectations are that this year’s inflation will be lower than that of 2012” underlined Tombini.

Given these statements HOW is that going to happen? Does Tombibi ever READ his own guff, it seems not?

I wonder if he is rehearing this drivel so that he can take Mantega's job becuase he is a master at lies and decit.
Feb 13th, 2013 - 11:42 am - Link - Report abuse 0
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Hepatia
http://en.mercopress.com/2013/02/11/brazil-january-inflation-spike-triggers-concern-for-the-government-and-investors#comment216756: I'm surprised that you can find time to comment on the Brazilian economy. Wouldn't your time be better spent fixing the broken electoral system of the UK so that the scum cannot gain control?
Feb 13th, 2013 - 02:00 pm - Link - Report abuse 0
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