Brazil authorized large price increases today, a day before the announcement of a new anti-inflation plan that officials said would include a devaluation of the country's currency.

A second anti-inflation plan was put in place in July last year, but within five months double-digit monthly inflation was back.

Unlike previous Brazilian anti-inflation plans, the current one does not include price controls.

Back in Brazil, one veteran of this nation's long series of anti-inflation plans expressed support for the latest effort.

After consumer price increases of 36,000 percent last year, the Government began a rigorous anti-inflation plan that includes regular devaluations and a severe cut in public spending.

Now, with anti-inflation plans faltering, the Government is counting on imports to keep prices down.

The long-term threat to Brazil's anti-inflation plan would be the election this fall of a presidential candidate without a commitment to balance the federal budget.

Brazil's and Argentina's previous anti-inflation plans were based on the belief that high inflation is caused by its own momentum.

His anti-inflation plans did not achieve adequate results in his short reign, and dissatisfied Han Chinese officers and commoners.

Mr. Nobrega, who was briefing reporters on an anti-inflation plan that began Sunday, was asked what the Government considered a critical level of reserves.