Brazil's inflation off target in 2013 and prospects in election year not encouraging

Saturday, January 11th 2014 - 06:49 UTC

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Brazilian consumer prices ended 2013 higher than expected at 5.91%, above the upper limit of the government target, after inflation surged in December, official statistics released Friday showed. The Brazilian Institute of Geography and Statistics (IBGE) said last month's inflation figure of 0.92% was the highest for December since 2002, and compared with 0.54% a month earlier. Read full article

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macsilvinho
True oinflation is no less than 20-25%, this country is so corrupt that even the election process is corrupted and we already know who will head the goverment. No agreement with the EU, relations with the US sour... it is easy to know what 2014 will be like in this country.
Jan 11th, 2014 - 02:34 pm - Link - Report abuse 0
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ChrisR
Dilma has wasted an ideal opportunity to sweep the horse dung from the stables of Brazilian politics by the look of it.

But just how much power does the president have? It could be that corruption is so endemic that short of executing the top people, including Lula, as a warning to the others AND increasing salaries to what they should be this removing the need to take bribes or else it’s curtains and the grave will ever end it.

But not even a Marxist government would attempt this. So they are stuck in a self perpetuating nightmare.

Oh dear, never mind eh? That will confuse them.
Jan 11th, 2014 - 04:48 pm - Link - Report abuse 0
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