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Mid-June IPCA Inflation Expected To Decline To 3.38% Y/y

BRAZIL
  • The busy calendar for Brazil this week is highlighted on the data front by today’s release of mid-June IPCA inflation. Further downside improvements are expected to be seen, with the headline rate seen dipping below 3.5%, having fallen to 3.94% in the full May reading. Data is scheduled at 1300BST/0800ET:
    • June IBGE Inflation IPCA-15 YoY, est. 3.38%, prior 4.07%
    • June IBGE Inflation IPCA-15 MoM, est. 0.02%, prior 0.51%

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