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Forecast shows Brazil experienced deflation of 0.37% in September

According to the Brazilian Institute of Geography and Statistics (IBGE), Brazil experienced deflation in September or a 0.37% decline in the price index.

Here is the full report.

The IPCA-15 (Broad National Consumer Price Index 15) is considered a pre-inflation index. It fell for the second month in a row.

The 0.37% decline in September was above market estimates of a nearly 0.20% drop.

According to IBGE, the rate was 4.63% for the year . . .

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