Brazil’s Inflation Puzzle: Wholesale Surges, Consumers Somewhat Shielded

Brazil’s economy tells a compelling story through its inflation figures. The country’s two main inflation measures, released on December 27, 2024, have both exceeded the central bank’s target, but in strikingly different ways. The General Market Price Index (IGP-M) soared to 6.54% in 2024, while the Extended National Consumer Price Index-15 (IPCA-15) reached 4.71%. These […]