BRASILIA (Reuters) – Brazilian consumer price inflation, as measured by the IPCA index, fell 0.38% in May, government statistics agency IBGE said on Wednesday, less than the 0.46% fall economists in a Reuters poll had expected but still the lowest reading since 1998.
Prices rose 1.88% in the 12 months through May, slightly more than the median forecast of 1.8%, but also the lowest annual rate of inflation in over 20 years.
(Reporting by Jamie McGeever; Editing by Andrew Heavens)
