Brazil's consumer prices rise 0.56% in January, the fastest pace in 9 months. The annualized...


Brazil's consumer prices rise 0.56% in January, the fastest pace in 9 months. The annualized rate slowed to 6.22%. "The economic slowdown didn't affect inflation ... there's strong inertia," says economist Solange Srour. Still, traders are maintaining bets of a 50 basis point cut in rates at the central bank's March meeting. EWZ -2.6%.

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  • glennbahia
    , contributor
    Comments (97) | Send Message
     
    In January there was a large increase in the minimum wage. Now the police are on strike in major cities and poised to win outsized gains. You can bet Brazil is poised for a major round of wage/price inflation as the catch-up circle jerk begins in the public and private sectors. Brazil has a systemic problem with inflation and major reforms are needed to address this.Since that is unlikely, bet on inflation at or above the Central Bank's upper band. Real inflation is probably well above the 6.5% limit. I for one don't trust official measurements.
    10 Feb 2012, 07:31 PM Reply Like
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