Consumer Price Index in Brazil rises 1.20%, is highest for October since 1995

The result was above the 28 projections of analysts from consulting firms and financial institutions consulted by Valor Data, which estimated an advance of 0.98% in October.

RIO DE JANEIRO, BRAZIL - The Broad National Consumer Price Index -15 (IPCA-15) accelerated to 1.20% in October, after hitting 1.14% in September, the Brazilian Institute of Geography and Statistics (IBGE) reported Tuesday.

In October 2020, the IPCA-15 had a variation of 0.94%. The 1.20% rise is the highest for October since 1995 (1.34%). It is also the highest monthly rate since February 2016 (1.42%).

The result was above the 28 projections of analysts from consulting firms and financial institutions consulted by Valor Data, which estimated an advance of 0.98% in October . . .

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