Hypermarcas plans new price hike due to Brazil currency plunge
SAO PAULO, July 27 (Reuters) - Brazilian consumer goods maker Hypermarcas SA plans to raise prices again due to a recent sharp depreciation of the local currency, Chief Executive Claudio Bergamo said on a Monday conference call.
Hypermarcas has already hiked prices twice in 2015, adding to the fastest consumer inflation in over 11 years. Concerns about a likely recession and the government's slipping budget target has weakened Brazil's currency, the real, more than 20 percent this year, to a 12-year low. (Reporting by Luciana Bruno and Brad Haynes)
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