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Monday, 10 August 2015 - 12:08
Brazil inflation rate hits 12-year high
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Inflation in Brazil has hit a 12-year high of 9.56%.

The rising cost of electricity, in particular, has pushed the rate to its highest level since November 2003.

The country's central bank targets an inflation rate of 4.5% and has raised interest rates to 14.25% - among the highest of major economies - to combat rising prices.

High inflation is compounding Brazil's economic woes.

 
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