Consumer prices in Brazil fell in November at the highest rate in 1.5 years

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Consumer prices in Brazil fell in November at the fastest pace in a year and a half. According to IBGE, the fall was 0.21%, while experts had predicted a decrease in prices by only 0.09%. Annual inflation also showed a slowdown, reaching 4.05% compared to 4.56% in October. If forecasts for further price cuts hold true, then at the end of the year inflation will be lower than the 4.5% target level of the Central Bank of Brazil by 60 basis points. Experts do not expect tightening of the monetary policy of the regulator next year. According to estimates of the Brazilian Central Bank, in 2018, the country's economy will increase by 1.39%, and next year its growth will be 2.5%.

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