Brazil’s mid-month inflation index slows down again

Brazil’s IPCA-15 mid-month inflation measurement posted a 0.21 percent increase in April, following the 0.36 percent uptick in March. As in the previous month, the index came below market expectations (0.29 percent, according to LSEG) thanks to a drop in transportation prices (-0.49 percent), especially airfares (-12.20 percent, with a bearing of 0.09 p.p. on
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