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Brazil Central Bank’s former director: “In 2022 we will have substantially lower inflation”

RIO DE JANEIRO, BRAZIL - On Friday, December 10, former Central Bank director José Júlio Senna discussed November's IPCA (Extended Consumer Price Index) and compared it to inflation in other countries. According to the former director, inflation should "substantially" decrease next year.

The IPCA, an official index that measures the country's inflation, rose 0.95% in November, compared to 1.25% the month before. Despite showing a slowdown, the figure is the highest for the month since 2015.

"This inflationary process we are experiencing is rare, it is a process that came with the pandemic, there is no . . .

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