Government council
Appears in 1 story
Sets the inflation target the central bank pursues
Brazil's official inflation index rose 0.82% in September, lifting the 12-month rate to 4.58%, above the central bank's 4.5% ceiling for the first time since June. Electricity prices led the surge, jumping 7.98% after a one-time discount tied to the Itaipu hydroelectric plant's surplus ended.
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