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