Brazil's Mid-November Inflation Slows More Than Expected

Brazil’s inflation was slower than expected, through the 12 months ending mid-November.

The nation’s IPCA-15 index (tracking consumer price inflation) increased +0.19% from mid-October through mid-November, falling short of the median forecast of a +0.24% increase from 38 analysts surveyed by Bloomberg. Also, the rate was lower than previous month’s 12-month increase of +0.58%.

The IPCA-15 touched 4.39 percent in mid-November. Brazil’s central bank’s mid-point target inflation is 4.5 percent for 2018 year-end. In the last meeting, the central bank had kept its policy interest rate unchanged at a record low.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.

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