Unexpected Rise in Brazil’s Consumer Price Index

Brazil's National Broad Consumer Price Index (IPCA) saw a 0.56% increase in December, as the Brazilian stats agency IBGE reported. This rise was greater than November's 0.28% and surpassed the forecasts of economists surveyed by Bloomberg, who had expected a 0.50% increase. This increase brought the IPCA's total rise in 2023 to 4.62%. This rate […]