Brazil’s IPCA decreases by 0.38% in May

The Broad National Consumer Price Index (IPCA) recorded a 0.38% drop in May after falling 0.31% in April, according to the Brazilian Institute of Geography and Statistics (IBGE). May marked the second consecutive month of deflation and this is the weakest monthly result for the index since August 1998, when prices decreased by 0.51%.

Source: Reuters