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Inflation Ends 2012 Above Target: Daily

By Ben Tavener, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s key inflation rate, the Consumer Price Index (IPCA), ended 2012 at 5.84 percent - at the high end of the government’s target rate of 4.5 percent plus or minus two percent. Inflation was up 0.79 percent in December, figures from the Brazilian Institute for Geography and Statistics (IBGE) have revealed, a figure greater than expected and the highest since March 2011.

The rate was down on the previous year, when the index stood at 6.5 percent, but has now been above the target of . . .

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