"Brazil's Inflation Tops Estimates..."

By Tom Duncan
"Inflation, as measured by the IPCA-15 price index, quickened to 0.86 percent in the month through mid-November from the same period a month earlier, the fastest pace in 9 months, the national statistic agency said today. Economists forecast a 0.72 percent gain, according to the median estimate in a Bloomberg survey of 33 analysts. Bond traders are betting Brazil will miss its inflation target for the first time since 2003 as commodity prices jump and concern builds that President-elect Dilma Rousseff will fail to curb spending after taking office Jan. 1. Yields on the 13 most traded interest rate futures contracts in Sao Paulo rose." Read more."Brazil's Inflation Tops Estimates, Fueling Bets on Interest-Rate Increase" Iuri Dantas and Andre Soliani Bloomberg, November 23, 2010.Image by renjith krishnan / FreeDigitalPhotos.net.

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