Inflation Jumps in Brazil, Chile in Challenge for Central Banks

Inflation Jumps in Brazil, Chile in Challenge for Central Banks

Inflation smashed through the top of the central bank’s tolerance range in Brazil and accelerated much more than expected in Chile as surging energy costs give policymakers another reason to worry.

Official data released Friday showed Brazil’s consumer prices rose 4.76% in October from the year prior, above the 4.5% tolerance ceiling of the central bank’s goal. Chile’s cost of living posted the biggest monthly rise since March of last year as annual inflation sped up to 4.7%.

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Publish date : 2024-11-07 23:08:00

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