Brazilian Inflation Jumps in November, Highest in 5 Years; Food Rises 37% in 3 Years

While the U.S. deals with potential deflation, the opposite happens in China and Brazil. The Brazilian institute of statistics has just released the inflation numbers for November, showing the highest in 5 years: 0.83% for the month, bringing the cumulative value to 5.63%.

Monthly numbers:

Food in partcular has the highest rise in 8 years. An interesting figure is that since 2007 until the current month food has risen 38%.