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MNI BRIEF: Brazilian May Inflation Up To 4.23% In June

(MNI) BRASILIA

Brazil IPCA inflation rose just 0.21% on the month.

Brazil's IPCA inflation was 0.21% in June below the 0.30% consensus and down from 0.46% in May, a positive sign for the central bank but one unlikely to change the BCB's stance of holding rates steady for the foreseeable future.

In annual terms, prices rose by 4.23%, up from 3.93% in May, , the Brazilian Institute of Geography and Statistics (IBGE) said Wednesday. The consensus was for 4.32%.

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Brazil's IPCA inflation was 0.21% in June below the 0.30% consensus and down from 0.46% in May, a positive sign for the central bank but one unlikely to change the BCB's stance of holding rates steady for the foreseeable future.

In annual terms, prices rose by 4.23%, up from 3.93% in May, , the Brazilian Institute of Geography and Statistics (IBGE) said Wednesday. The consensus was for 4.32%.

Keep reading...Show less