Brazil’s economy beset by inflation, lagging production - World Socialist Web Site
Brazil’s economy beset by inflation, lagging production
By Bill Van Auken
11 April 2013
Brazil’s statistics agency, IBGE, announced Wednesday that the country’s inflation rate has broken through the government’s target ceiling last month, hitting 6.59 percent over the previous 12 months. It marked the first time since November 2011 that the rate has exceeded the upper limit of the government’s targeting band.