Inflation is also on the rise in other Latin American countries. According to a report published by Bloomberg News, Brazilian consumer prices rose faster than expected in November. Inflation quickened 0.52% last month compared to 0.43% in October. The central bank will probably accelerate the pace of interest-rate cuts to fuel economic growth and the strategy could, in turn, accelerate inflation even more. The source asserts that moderate cuts to the benchmark interest rate are consistent with the 2012 price target. Financial authorities estimate inflation will slow to around 4.5%, its goal for next year. President Dilma Rousseff is trying to reignite economic growth mixing credit stimulus, tax cuts and lower borrowing costs. In the three months ending in September gross domestic product shrank for the first time in ten quarters. Experts consider that “Brazil continues with an inflation outlook that isn’t a little bit pleasant”.

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