(C) Reuters.
BRASILIA (Reuters) – Brazilian consumer price inflation, as measured by the IPCA index, fell 0.38% in May, government statistics agency IBGE said on Wednesday, less than the 0.46% fall economists in a Reuters poll had expected but still the lowest reading since 1998.
Prices rose 1.88% in the 12 months through May, slightly more than the median forecast of 1.8%, but also the lowest annual rate of inflation in over 20 years.
Brazil May consumer prices fall at fastest rate since 1998: IBGE
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.