Latinnews Daily - 12 May 2005

BRAZIL: The consumer prices index (Ipca) reached 0.87% in April, according to the official statistics agency, the Ibge. The Ipca is used by the central bank to measure Brazil's inflation. The figure is higher than the 0.80% forecasted by the market, and shows inflation at its highest level since July last year. The accumulated inflation for the year so far is 2.68%. The central bank's target for 2005 is 5.1%.