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Brazil Inflation Highest in Nearly 3 Years Ahead of Runoff Poll

Brazil's annual inflation rate in September shot way above an official target to its highest in nearly three years, the latest economic blow for President Dilma Rousseff who is locked in a tight race for re-election against market-favorite Aecio Neves. Consumer prices rose a faster-than-expected, 6.75 percent in the 12 months through September, the quickest pace since October 2011, government data showed on Wednesday. The inflation spike raised the prospect of higher interest rates...

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