Brazil Inflation Cools, Signaling High Rates Are Paying Off
Brazil’s annual inflation slowed more than expected in October, signaling that high interest rates are starting to cool prices in Latin America’s largest economy.
Official data released on Tuesday showed consumer prices rose 4.68% from a year earlier, below the 4.74% median estimate of analysts surveyed by Bloomberg.
On a monthly basis, inflation increased by a modest 0.09%, reflecting easing price pressures as tight monetary policy continues to curb inflation and support economic stability.
Official data released on Tuesday showed consumer prices rose 4.68% from a year earlier, below the 4.74% median estimate of analysts surveyed by Bloomberg.
On a monthly basis, inflation increased by a modest 0.09%, reflecting easing price pressures as tight monetary policy continues to curb inflation and support economic stability.
