UPDATE 1-Brazil's inflation hits highest rate since 2011

viernes 23 de enero de 2015 07:27 GYT
 

(Adds table)
    BRASILIA, Jan 23 (Reuters) - Brazil's inflation rate spiked
to its highest in more than three years in mid-January as local
and federal authorities raised electricity tariffs and bus fares
to balance government finances, statistics agency IBGE said on
Friday.
    Consumer prices rose 6.69 percent in the 12 months through
mid-January, the highest since November 2011 and
above the 6.5 percent top end of the government's target.
    When compared with mid-December, prices rose 0.89 percent
, up from 0.79 percent in the previous month,
according to the IPCA-15 price index.
    The results were slightly lower than most market forecasts.
The median estimate of 22 economists projected the 12-month rate
at 6.75 percent and the monthly rate at 0.90 percent.
    
    Below is the result for each price category:    
                                    January     December
 - Food and beverages                  1.45         0.94
 - Housing                             1.23         0.71
 - Household articles                 -0.55         0.05
 - Apparel                             0.51         0.44
 - Transport                           0.75         1.59
 - Health and personal care            0.38         0.46
 - Personal expenses                   1.39         0.71
 - Education                           0.30         0.10
 - Communication                      -0.04        -0.08
                                                        
 - IPCA-15                             0.89         0.79
 
    

 (Reporting by Silvio Cascione; Editing by Lisa Von Ahn)