RIO DE JANEIRO, BRAZIL - Brazilian President Jair Bolsonaro defended today, December 17th, the fast combat to inflation that affects several countries. In Brazil, the National Wide Consumer Price Index (IPCA), which measures the country's official inflation, was 0.95% in November and has accumulated 9.26% this year and 10.74% in 12 months (the highest accumulation since November 2003).
For Bolsonaro, inflationary pressures result from "international restrictions and restrictive internal measures arising from the pandemic and the shortage of supply in the world economy. "Fighting inflation is a task that has involved several economic policy tools and must . . .
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