Brazil's inflation hits 14-month high as consumer prices surge amidst rising government spending
In a troubling economic development, Brazil's annual inflation rate increased to 4.87% in November, the highest rate in 14 months. The gain from 4.76% in October exceeded market forecasts of a small increase to 4.85%. Rising consumer prices, higher government spending, and shifting inflation expectations point to a complicated economic situation that might have a […]