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IGP-M inflation Prints lower, Easing Some BCB Concerns about Price Pressures

BRAZIL
  • BRAZIL DEC. IGP-M PRICE INDEX RISES 0.96% (vs 1.24% exp & 3.24% prior) FROM PREVIOUS MONTH
  • BRAZIL DEC. IGP-M PRICE INDEX RISES 23.14% (vs 23.46% exp & 24.52% prior) FROM LAST YEAR
  • lower IGP-M print should ease some concerns about the inflation trajectory expressed at the latest COPOM and an overly-hawkish BCB going forward
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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