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Inflation in Brazil slows to 0.41% in November

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 . . .

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