Brazil's Inflation Slows in Early June as Food Prices Fall
Brazil's consumer price increases slowed more than expected in early June, with a drop in food costs offering some much-needed relief after the central bank last week raised interest rates to their highest in nearly two decades amid sticky inflation.
In Latin America's largest economy, the IPCA-15 consumer price index rose 0.26% in the month to mid-June, statistics agency IBGE said on Thursday, down from 0.36% the previous month and below the 0.30% expected by economists polled by Reuters...
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