😮‍💨 Not as bad as expected

Brazil’s latest inflation data. What Brazil wants to accomplish at the head of the BRICS alliance in 2025. The US is eyeing Brazil's biggest market for counterfeit goods.

AuthorAuthor

Gustavo Ribeiro & Letícia Arcoverde
January 10, 2025 • Reading Time: 2 minutes

Happy Friday! Two years ago tomorrow, the largest case of corporate fraud in Brazilian history was revealed, when retail giant Americanas announced “accounting inconsistencies” to the tune of BRL 21.7 billion (and a bankruptcy protection case with short-term liabilities of almost BRL 43 billion). Police inquiries into the case are still ongoing, and no-one has been held criminally responsible.

DAILY banner

Inflation closes year above target, but lower than expected

Up by double digits, fuel prices are often an easy shorthand for the broader economic scenario. Photo: Hans Elmo/Shutterstock

Up by double digits, fuel prices are often an easy shorthand for the broader economic scenario. Photo: Hans Elmo/Shutterstock

Consumer prices ticked down slightly on an annual basis in December, the latest piece of evidence that Brazil’s fight against inflation is not over. 

Driving the news. Data published minutes ago by the Brazilian Institute of Geography and Statistics shows that the IPCA, the country's preferred inflation gauge, climbed 4.83% in 2024 — above the government’s target tolerance band (1.5%-4.5%) but below market expectations as surveyed by Reuters and the Central Bank.

☕ Wake up smarter

Brazil Daily delivers the top political and economic insights straight to your inbox — quick, sharp and ready before your first sip of coffee

Already a paying subscriber? Sign In.

This subscription also gets you:

  • • 🌎 Latam Report
  • • 🚜 Brazil Agro
  • • 💼 Brazil Business
  • • 🌳 Brazil Climate
  • • 💬 Brazil Society
  • • ⚽ Brazil Sports