Rio de Janeiro \u2013 The official Brazilian inflation rate in 2011, measured by the Extended Consumer Price Index (IPCA, in the Portuguese acronym), was 6.5%, the highest rate since 2004, when the index increased by 7.6%. The figures were issued this Friday (6th) by the Brazilian Institute of Geography and Statistics (IBGE).<\/p>\n
The indicator reached the upper limit of the target set by the Central Bank for 2011, which was 4.5%, with a range of 2 percentage points upward or downward. <\/p>\n
The monthly IPCA increased by 0.5% in December 2011, after having risen by 0.52% in November. In December 2010, the rate was 0.63%. The IPCA is the index the government bases itself on to set its inflation target regime.<\/p>\n
However, the president of the Central Bank, Alexandre Tombini, said consumer inflation is on a decline and will continue to drop in 2012.<\/p>\n
In a press statement, Tombini said \u201cconsumer inflation as measured by the IPCA, in keeping with the scenario forecasted by the Central Bank, is going down and ended 2011 at 6.5%, after reaching 7.3% in the third quarter.\u201d <\/p>\n
To the Central Bank president, \u201cother indicators corroborate the perception of a significant cooling down of inflationary pressure.\u201d He cites the variation of wholesale prices measured by the General Market Price Index (IGP-M) which \u201chas been showing a pronounced trend of decline, having dropped from 7.5% in the third quarter to 5.1% by the end of the year.\u201d <\/p>\n
\u201cIn 2012, consumer inflation will continue to drop towards the target range, in keeping with the monetary policy adopted by the Central Bank,\u201d he said in the statement. <\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The Extended Consumer Price Index reached 6.5%, the upper limit of the government\u2019s target range. The president of the Central Bank, however, said that now the scenario is one of decline.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-40339","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Extended Consumer Price Index reached 6.5%, the upper limit of the government\u2019s target range. The president of the Central Bank, however, said that now the scenario is one of decline.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=40339"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40339\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=40339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=40339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=40339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}