China News Agency, Sao Paulo, December 9th (Reporter Mo Chengxiong) According to data released by the Brazilian National Institute of Geography and Statistics (IBGE) on the 9th local time, in November this year, Brazil's inflation rate was 0.41%, lower than the previous month's 0.59% and 0.95% in the same period last year, a new low since the same period in 2018.
Data show that in November, Brazil's clothing prices rose the most, up 1.1% that month.
This was followed by a 0.83% increase in transport prices, a 0.53% increase in food and drink prices, a 0.51% increase in housing costs, and a 0.21% increase in personal expenses prices.
In addition, health and personal care, education prices increased.
However, the price of household goods fell by 0.68%, and the price of communication dropped by 0.14%.
Pedro Kislanov, a researcher at the National Institute of Geography and Statistics of Brazil, said that in November this year, Brazil's inflation rate rose for the second consecutive month, mainly due to the impact of rising fuel prices.
Fuel prices rose by 3.29% that month, of which gasoline prices rose by 2.99% and ethanol prices rose by 7.57%.
In addition, rising food and beverage prices have also pushed Brazil's inflation rate higher.
Onion prices rose by 23.02%, tomato prices by 15.71% and fruit prices by 2.91%.
The data also showed that in the first 11 months of this year, Brazil's inflation rate was 5.13%.
In the past 12 months, Brazil's inflation rate has accumulated to 5.9%, which is higher than the 5% upper limit of the inflation control target set by the Brazilian government this year.
According to the latest forecast of the Brazilian financial market, Brazil's inflation expectations for this year and next are 5.92% and 5.08%, respectively, both of which are higher than the government's median control target of 3.5% and 3.25%.
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