Inflation in Brazil was 0.41% in November. The IPCA (National Broad Consumer Price Index) slowed down in relation to October when it was 0.59%.
The IBGE (Brazilian Institute of Geography and Statistics) released the result on Friday (Dec. 9).
The result surprised the financial market, which estimated a rate close to 0.54% for the month.
The price index accumulates a high of 5.13% in the year. In 12 months, it decreased from 6.47% in October to 5.90% in November.
The percentage is above the inflation target the CMN (National Monetary Council) set of 3 . . .