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LatinNews Daily - 10 June 2022
In brief: Brazil’s inflation slows but remains high
*Brazil’s national statistics institute (Ibge) has released the latest figures on the consumer price index (IPCA), which show that monthly inflation stood at 0.47% in May, bringing the annual figure to 11.73%. The May figures are down from the monthly rate of 1.06% and annual rate of 12.13% in April. However, this is still far beyond the 3.5% central bank target for 2022 with a tolerance range of plus or minus 1.5 percentage point.
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