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November Inflation Data Due

BRAZIL
  • November IPCA inflation data due at the top of the hour. Analysts surveyed by Bloomberg expect a 0.53% increase in November m/m and a 6.03% increase for the yearly comparison.
  • Transportation costs likely accelerated from the mid-month reading, reflecting rising fuel prices at the consumer level. That and the new round of food-price increases likely explain the bulk of the headline print.
  • Core inflation likely stayed within the 0.45%-0.55% m/m range.

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