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Brazil inflation has peaked, will retreat - finance minister
November 7, 2012 / 7:40 PM / 5 years ago

Brazil inflation has peaked, will retreat - finance minister

BRASILIA, Nov 7 (Reuters) - Brazilian Finance Minister Guido Mantega said on Wednesday that inflation has peaked and indicators are pointing to a retreat to a lower level.

Consumer prices in Brazil rose in October at their fastest pace since April due to higher food prices, government data showed on Wednesday, though a measure of wholesale costs suggested relief should arrive in coming months.

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