Brazil inflation at 12-year high compounds economic crisis

Jonathan Wheatley, The Financial Times, 11/20/2015 

Brazilian inflation has reached its highest level in 12 years, adding to the government’s challenges as it struggles to steer the country through an economic and political crisis.
Inflation in the year to November was 10.28 per cent according to the IBGE, Brazil’s statistics office. Yet, despite rapidly rising prices, the economy is set to contract 3 per cent this year, according to a weekly central bank survey of market economists.

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