Brazil inflation hits record 10.67%

GMT 11:39 2016 Friday ,08 January

Arab Today, arab today Brazil inflation hits record 10.67%

Brazil economy
Rio de Janeiro - Arab Today

Annual inflation in Brazil hit a 12-year high last year at 10.67 percent, the government said Friday, the latest sign of economic troubles in the world's seventh largest economy.

The figure -- the highest since 2002 -- was more than double the government's 4.5 percent inflation target. 

State statistics agency IBGE said consumer prices rose 0.96 percent month-on-month in December, after an 1.01 increase in November.

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