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Brazil's 2022 inflation slows sharply, misses government target

News 17:56 10 Jan, 2023
Brazil's 2022 inflation slows sharply, misses government target

Brazil's inflation ended 2022 with a sharp slowdown from double-digit peaks seen throughout the year on the back of fiscal measures and an aggressive monetary policy tightening, but once again missed the government's official target, Qazet.az reports according to .

The benchmark IPCA consumer price index rose 5.79% last year, statistics agency IBGE said on Tuesday, higher than the 5.60% median forecast in a Reuters poll of economists.