Brazil’s National Broad Consumer Price Index (IPCA) in October was reported at 0.10 percent—the lowest result for October since 1998, when the IPCA stood at 0.02 percent. Used to gauge the official inflation, the IPCA was released today (Nov.
Brazil’s unemployment rate closed out the quarter ending in September at 11.8 percent. A slip was observed both against the previous quarter, ending in June, when 12 percent of the population was jobless, and against the quarter ending in September last year (11.9%).
Brazil’s unemployment rate in the quarter ended in June 2019 stood at 12 percent, and the country’s underutilization was reported at 24.8 percent—representing 12.8 million jobless people and 28.4 million workers who spend fewer hours at work than they could.