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Goldman’s Upbeat South African Inflation Call Outdoes Central Bank View

(Bloomberg) -- Goldman Sachs Group Inc. is making a contrarian case for a steep slowdown in South Africa inflation next year, setting itself apart from other observers and the country’s central bank. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the Field“We think inflation will average 3.3% next year, and then will pick up and stabilize

Brazil Inflation Surges as President Lula Readies Public Spending Cuts

(Bloomberg) -- Brazil’s inflation picked up much more than expected in early November, adding urgency to government plans to cut swelling public spending that is pushing cost-of-living increases above target.Official data released Tuesday showed consumer prices rose 4.77% from a year earlier, above all forecasts in a Bloomberg survey of economists that had a 4.64% median estimate. On the month, they increased 0.62%.Price pressures are building in Latin America’s largest economy, stoked by a hist