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LatinNews Daily - 11 June 2020
In brief: Brazil sees deflation for second consecutive month
* Brazil’s national statistics institute (Ibge) has released the latest figures for the country’s consumer price index (IPCA), according to which Brazil recorded monthly deflation of 0.38% in May, following on from the 0.31% deflation seen in April. This is the lowest monthly figure recorded for inflation since August 1998, when inflation stood at -0.51%, the Ibge noted. Annual inflation to May stands at 1.88%, below the government’s target of a 1.5 percentage-point variation either side of 4%.
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