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The annual inflation in Brazil slowed down to 2.50% in November, from 2.70% in October, and remained below economists projections of a 2.88% rate. It is also at the bottom of the country's central bank target, which ranges from 2.5% to 6.5% per year.
In a monthly comparison, the Brazilian consumer price index rose 0.28% in November, after increasing 0.42% in October, according to the Brazilian statistics office. Analysts expected a 0.35% growth.
Last month, two out of nine sectors surveyed had negative price changes: Food and Beverages (from -0.05% to -0.38%), and Home Articles (from -0.39% to -0.45%).
Year-to-date, Brazil's official inflation is running at 1.32%, remaining at the lowest level for the period since 1998, when it reached 1.44%.
