Brazil ends 2024 with inflation rate of 4.83 pct

RIO DE JANEIRO, Jan. 11 (Xinhua) -- Brazil ended 2024 with an inflation rate of 4.83 percent, exceeding the target set by the National Monetary Council of 3 percent as well as the upper limit of 4.5 percent, the Brazilian Institute of Geography and Statistics (IBGE) said on Friday.

The Broad Consumer Price Index rose by 0.52 percent in December last year, bringing the cumulative annual increase to 4.83 percent,