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IPC-S Inflation Index Falls Below Estimates

BRAZIL
  • Brazil’s IPC-S Weekly Inflation Index -1.28% M/m; Est. -1.16% (BBG)
  • As a reminder, IPC-S is a consumer price index reported weekly; it compares prices of a recent 30-day period to a similar 30-day period from a month ago.
  • While not as closely followed as the IPCA print, the reading follow the recent trend of below estimate surprises for Brazilian inflation.
  • Supreme Court Justice Alexandre de Moraes takes over as president of the Top Electoral Court. Ceremony should count with the presence of incumbent Jair Bolsonaro, presidential front-runner Luiz Inacio Lula da Silva and 3rd place in electoral polls Ciro Gomes.
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  • Brazil’s IPC-S Weekly Inflation Index -1.28% M/m; Est. -1.16% (BBG)
  • As a reminder, IPC-S is a consumer price index reported weekly; it compares prices of a recent 30-day period to a similar 30-day period from a month ago.
  • While not as closely followed as the IPCA print, the reading follow the recent trend of below estimate surprises for Brazilian inflation.
  • Supreme Court Justice Alexandre de Moraes takes over as president of the Top Electoral Court. Ceremony should count with the presence of incumbent Jair Bolsonaro, presidential front-runner Luiz Inacio Lula da Silva and 3rd place in electoral polls Ciro Gomes.