China News Agency, Sao Paulo, December 10 (Reporter Mo Chengxiong) Data released by the Brazilian Institute of Geography and Statistics (IBGE) on the 10th local time showed that in November this year, Brazil’s inflation rate was 0.95%, lower than the 1.25% of the previous month, but This is higher than 0.89% in the same period last year and the highest level since 2015.

On December 10, local time, people were shopping in a local supermarket in Sao Paulo, Brazil.

Photo by China News Agency reporter Mo Chengxiong

　　Data show that in November, Brazil's gasoline prices rose sharply, rising by 7.38%, which caused the Brazilian transportation price to rise by 3.35% that month, and promoted the general increase in the prices of other commodities.

Second, housing costs and household goods prices each rose by 1.03%, clothing prices rose by 0.95%, and personal expenses prices rose by 0.57%.

In addition, the prices of education and communications have also risen.

However, prices for food and beverages, health and personal care have fallen slightly.

　　Pedro Kislanov, a researcher at the Brazilian Geographic and Statistics Bureau, said that the price of gasoline in Brazil has risen for seven consecutive months due to fuel shortages this year.

In the year ending in November this year, Brazil's gasoline prices have risen by 50.78%.

In addition, food prices fell in November, but the prices of onions, coffee powder, refined sugar, chicken, and cheese continued to rise.

Among them, onion prices rose by 16.34%.

　　The data also shows that in the first 11 months of this year, the cumulative inflation rate in Brazil was 9.26%.

In the past 12 months, the cumulative inflation rate in Brazil was 10.74%, higher than the 10.67% in the previous 12 months, and also higher than the 5.25% ceiling of the inflation rate control target set by the Brazilian government this year.

On December 10, local time, in Sao Paulo, Brazil, a staff member refueled a car at a local gas station.

Photo by China News Agency reporter Mo Chengxiong

　　From the perspective of major cities, Curitiba has the highest inflation rate, reaching 13.71%, based on the cumulative total of the past 12 months.

This is followed by Victoria, with an inflation rate of 12.26%.

The third is Porto Alegre, with an inflation rate of 12.1%.

Brazil’s capital Brasilia, Sao Paulo, the largest city, and Rio de Janeiro, the second largest city, have inflation rates of 10.06%, 10.02%, and 9.57%, respectively.

　　According to the latest forecasts from the Brazilian financial market, Brazil’s inflation expectations for this year and next are 10.18% and 5.02%, which are far higher than the median government control targets of 3.75% and 3.5%.

Last year, Brazil's inflation rate was 4.52%.

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