Brazil's annual inflation rate rose to 3.93% in May, exceeding expectations of 3.89% and marking an increase from the previous month's 3.69%. This uptick in inflation ends a seven-month streak of cooling prices. On a month-over-month basis, the Consumer Price Index (CPI) increased by 0.46%, higher than the previous month's 0.38% and above the estimated 0.42%. The acceleration in inflation comes as policymakers prepare to set their interest rate at next week's meeting.
💡 Brazil: IPCA inflation accelerates to above-expected 3.93% y/y in May - @EmergingMWatch on https://t.co/orvmA6WYlS Full Story → https://t.co/Ts1iq2ivGV
Brazil’s annual inflation picked up more than expected in May, snapping a seven-month streak of cooling prices as policymakers prepare to set their interest rate at next week’s meeting. https://t.co/8YYubt3EXa via @economics @andrewrosati Giovanna Serafim @latamalinowski
Brazil’s annual inflation picked up more than expected in May, snapping a seven-month streak of cooling prices as policymakers prepare to set their interest rate at next week’s meeting. https://t.co/ddy70jrV8I
BRAZIL CPI (MOM) (MAY) ACTUAL: 0.46% VS 0.38% PREVIOUS; EST 0.42% BRAZIL CPI (YOY) (MAY) ACTUAL: 3.93% VS 3.69% PREVIOUS; EST 3.88%
🇧🇷 Inflation Rate YoY (May) Actual: 3.93% Expected: 3.89% Previous: 3.69% https://t.co/seuz9a5RF0