The President of the Issuer attributes the jump in inflation in Brazil to a global phenomenon

The president of the Brazilian Central Bank, Roberto Campos Neto, attributed this Tuesday the jump in inflation in Brazil, from 4.52% in 2020 to 10.06% in 2021, its highest level in six years, to a global phenomenon which has skyrocketed the prices of raw materials around the world.

«The significant acceleration of inflation in 2021 to levels above the target (of the Central Bank) was a global phenomenon, which affected most of the developed and emerging countries,» said the President of the Issuer in an open letter in the which explained the sharp jump in the price index in Brazil.