Brazil is going over crucial crisis of increase in inflation and CPI.

Brazil's economy is shrinking since the recession started on 1990. Currently, Brazil is going over severe inflation increase, affecting all the other nearby countries in Latin America.

Throughout the news, the expected inflation rate in 2015 has risen from 7.27 to 7.33, as inflation rate of January has risen from 0.78 to 1.24. At the same time, annual price level has increased to 7.14 from 6.41, measured by analysts. The central bank has calculated that inflation rate of Brazil will be 4.5, within plus and minus of 2 percent.

Through the article, I would assume Brazil is going over a huge crisis through the economy. It seems it woould not be easy for Brazil to escape from such severe inflation and accelerated price level. Government needs to take a fast choices in order to fix such problems or it won't be fixed.

http://www.bloomberg.com/news/articles/2015-02-23/brazil-analysts-see-worst-growth-in-quarter-century-faster-cpi