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MNI BRIEF: Brazil May Inflation 3.93% As Floods Push Up Prices

(MNI) BRASILIA

Brazil's IPCA inflation was 0.46% in monthly terms in May, versus the 0.42% consensus.

Brazil's IPCA inflation was 0.46% in May, the Brazilian Institute of Geography and Statistics (IBGE) said on Tuesday, after consensus forecasts had settled on 0.42%, with prices affected by flooding in the south of the country.

In annual terms, prices rose by 3.93%, up from 3.69% in April, the first acceleration after the seventh consecutive monthly deceleration in the 12-month accumulated series. The consensus was for 3.88%.

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Brazil's IPCA inflation was 0.46% in May, the Brazilian Institute of Geography and Statistics (IBGE) said on Tuesday, after consensus forecasts had settled on 0.42%, with prices affected by flooding in the south of the country.

In annual terms, prices rose by 3.93%, up from 3.69% in April, the first acceleration after the seventh consecutive monthly deceleration in the 12-month accumulated series. The consensus was for 3.88%.

Keep reading...Show less