IPCA: inflation accelerates to 0.89% in November, highest for the month in 5 years

Pressured by the hike in food and fuel prices, the Broad National Consumer Price Index (IPCA), considered the country’s official inflation rate, advanced 0.89% in November, above the 0.86% rate of October, according to the IBGE. Despite the acceleration, official inflation is still within the existing tolerance range. Under the current rule, the IPCA could range from 2.5% to 5.5% this year without formally breaching the target.

Source: G1

CPFL announces $360 mm for sustainable transition by 2024

CPFL Energia developed a sustainability plan with investments estimated at R$ 1.8 billion ($360 mm) to enable its sustainable and intelligent transition plan to produce and consume energy. There are 15 public commitments signed and focused on a business model with innovative solutions, reduction of environmental impact and sharing of positive impacts to society, bringing the company closer to the communities where it operates to foster knowledge, health, sports and culture, through the CPFL Institute.

Source: Canal Energia