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Brazil’s broad CPI slows down in May and registers a 4.07% advance in 12 months

On Thursday, the Broad National Consumer Price Index-15 (IPCA-15) rose 0.51% in May, after a high of 0.57% in April, informed the Brazilian Institute of Geography and Statistics (IBGE).

In May, the IPCA-15 had risen 0.59%. The rate is the lowest for May since 2021 (0.44%).

The result was below the median of the 36 projections of consulting firms and financial institutions consulted by Valor Data, which estimated a high of 0.64% in May.

The range of estimates was 0.48% to 0.72%.

The IPCA-15 has accumulated a 4.07 . . .

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