Brazil’s May mid-month inflation rate ticks up, but below expectations

The IPCA-15 index, a mid-month inflation gauge released by the Brazilian Institute of Geography and Statistics, suggests that consumer prices have risen by 0.44 percent in the first half of May.  The index came in below market expectations — the median forecast measured by Bloomberg stood at 0.47 percent.  Still, it shows an acceleration after
The post Brazil’s May mid-month inflation rate ticks up, but below expectations appeared first on The Brazilian Report.