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Heurist Finance

Brazil Annual Inflation Unexpectedly Slows to 4.64% in June

Bloomberg ·
  • Brazil’s annual inflation rate slowed to 4.64% in June, coming in below the 4.80% median forecast from economists surveyed by Bloomberg.
  • Monthly consumer prices rose by 0.16% from May, marking the slowest increase in monthly inflation since October.
  • The cooling inflation data follows a period where the central bank had already delivered three consecutive interest-rate cuts despite price growth remaining above the official target.

Quotes

“Brazil’s annual inflation unexpectedly slowed in June, offering some relief to policymakers after the central bank delivered its third consecutive interest-rate cut even as price growth remained above target.”— Bloomberg

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