By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The IPCA (National Consumer Price Index) in Brazil rose by 0.78 percent in May, according to the IBGE (Brazilian Statistics Bureau) the highest inflation for the month of May since 2008. The rate is 0.17 percent higher than April’s inflation which registered an increase of 0.61 percent.
The inflation rate for the first five months of the year now accumulates an increase of 4.05 percent, below the 5.34 percent registered during the first five months of 2015. For the twelve months ending in May . . .
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