IPCA: inflation accelerates to 0.89% in November, highest for the month in 5 years

Pressured by the hike in food and fuel prices, the Broad National Consumer Price Index (IPCA), considered the country’s official inflation rate, advanced 0.89% in November, above the 0.86% rate of October, according to the IBGE. Despite the acceleration, official inflation is still within the existing tolerance range. Under the current rule, the IPCA could range from 2.5% to 5.5% this year without formally breaching the target.

Source: G1