date:Mar 12, 2013
lation rate.
President Dilma Rousseff's government is scrambling to tame the quickening pace of inflation, which could undermine efforts to boost a feeble economic recovery as well as her own re-election bid next year.
The tax breaks could also delay an interest rate hike by the central bank as policymakers grow increasingly worried about inflation edging closer to the official ceiling of 6.5 percent. Economists polled by the central bank expect it to raise the benchmark Selic rate to 8 percen